While memory protection is useful during development, it can also provide greater reliability for embedded systems installed in the field. Many embedded systems already employ a hardware watchdog timer to detect if the software or hardware has lost its mind, but this approach lacks the finesse of an MMU-assisted watchdog.
Hardware watchdog timers are usually implemented as a retriggerable monostable timer attached to the processor reset line. If the system software doesn't strobe the hardware timer regularly, the timer will expire and force a processor reset. Typically, some component of the system software will check for system integrity and strobe the timer hardware to indicate the system is sane.
Although this approach enables recovery from a lockup related to a software or hardware glitch, it results in a complete system restart and perhaps significant downtime while this restart occurs.