Where do you unwind to if memory is corrupted?
I don't think we're talking about what would be exception handling in other languages. I believe it's asserts. How do userland processes handle a failed assertion? Usually the process is terminated, but giving a debugger the possibility to examine the state first, or dumping core.
And that's similar to what they are doing in the kernel. Only in that in the kernel, it's more dangerous because there is limited process / task isolation. I think that is an argument that taking down "full-blown separate processes" might not even be enough in the kernel.