That's not a crazy instinct, and maybe if OSs were better you would even be right, but there's not really another way to get a skrillion communicating processes that can all crash/fail independently. Without a dedicated VM, all the other approaches are either less safe or too inefficient.

I consider BEAM an indication of a direction that OSs could and maybe should move. It's even possible to run BEAM on bare metal, (almost?) entirely in place of the normal OS.