Thankfully, better designs such as seL4's VMM do exist, although it might need a little more work [1] until usable for the purpose.
Unlike the nitty gritty of how the sandbox works, the IPC changes often with new releases. And quite frankly it isn't as fun, cool, or interesting as VMMs or other sandboxing techniques, so a lot of the time it isn't given the close eye that it should.