After several full days of team-wide debugging, we had no better explanation based on the available evidence than cosmic rays, or a hardware bug. IBM's POWER processor designers worked across the street from us, so we tried to get them to help- first by asking nicely, then by escalating through management channels.
Their reply was more or less: we've run our gamut of hardware tests for years, and your assertion that it's hardware related is vanishingly unlikely... we don't look into hardware bugs unless you can prove to us beyond a doubt it's hardware related. Cache-aligned memory corruption without any other circumstantial evidence isn't enough.
On a crashed test system sitting in the kernel debugger for several weeks now, there would be no more circumstantial evidence beyond the traces. A corruption like this was never seen again, by all accounts.
If we were right and it was evidence of a hardware failure, this is one way such a problem can go undetected. I hope it was something else, or even a cosmic ray, but we'll never know for sure, I guess.