Granted, that may seem like ancient history, but RDRAND is an indication that Intel still makes mistakes.
Less fragmentation is more efficient in many ways, but just like any monoculture, it is also fragile.
I first started using EMACS shortly after various IBM systems, and it's hard to express how obnoxious it was to have your keyboard lock while the computer was sending you stuff....
The question is serious because it's not clear to me the use cases of the zSeries including supporting this sort of thing (vs. editing your files on another computer like your PC before submitting them to the mainframe ... but I haven't touched anything in that domain since ... 1978 I think).
Having said that, you can host Linux VMs under zVM. Binaries will use the zSeries ISA and the whole guest will run under the zVM environment. You can easily ssh to it. IIRC, Debian, Red Hat and SuSe support it.
This would probably be the least cost-effective way to edit text. On the other hand, few terminals were able to render monospaced text so beautifully.
http://www-03.ibm.com/systems/z/os/zos/features/unix/library...
http://pic.dhe.ibm.com/infocenter/zos/v1r11/index.jsp?topic=...