Whole system? No. X? Yes. And when X crashes so does every other program I am using, so other than the shorter recovery time that isn't a lot better than crashing the whole system (ok, I have to admit there is much less chance of catastrophic disk corruption, as all the higher level processes will continue unimpeeded).
While I do absolutely love being able to ctrl+alt+F(x) no matter how bad things are and regain control, the fact that Windows has been able to recover from the window manager, graphics card driver, or even graphics card crashing without my music even skipping a beat for years now makes the reliance on X (by far the least stable component at least on my install) feel wholly unnecessary.