Even a reduction in the amount of hypo- (and, hyper-) glycemic events would be a big win for patients and educators. I think the quality of care would vastly increase with such systems in place.
Additionally - the human body has systems in place to bring blood sugars back into a safe range when it feels it is in an emergency situation. I do not claim to be an expert on this matter, but it is my understanding that the liver is able to release glycogen into the system to spike blood glucose levels back up if they have fallen low [1]. This is why some diabetic patients may experience high blood sugars in the mornings if they have experienced a hypoglycemic event overnight and slept through it. I don't believe this would be a good solution to depend on, however.
[1]http://www.diabetes.co.uk/body/liver-and-blood-glucose-level...