As the slides say, this approach prevents the system from falling over entirely, while still resolving instructions from deeper rings.
I've been using this with HP ProLiant servers and (for me, at least) it has always worked as intended.
For more info, search "linux watchdog timer".
Secondly, one could trivially log "I am going to try this" to a file, go ahead and do it, and if the machine crashes you consult the log and read exactly what was about to be done and evidently caused a hang. You don't necessarily need to write a log entry after doing something, in this case you can deterministically log what you are about to do and make deductions therefrom.