Its a "hybrid" because its designed to behave and look like a micro-kernel, but instead of full subsystem/process isolation, all of the kernel subsystems exist in a single address space (although I guess this could be argued in the context of hyper-v not to be entirely true).
This means that instead of incurring a full context/privilege switch just to pass messages between components, the messages go through (say the IO manager with an IRP) the subsystem controllers with simple function calls and effectively shared data structures (although its designed not to look that way).
Because its compartmentalized like this, it would actually surprise me if somewhere in MS research/etc they don't have a full context switching version of the kernel running. Such a project would if nothing else help to catch "bugs" and validate the subsystem and drivers aren't misbehaving. Of course driver verifier achieves most of this goal by itself with simpler checks.
OTOH, while the idea of a micro-kernel helps to solve a lot of development/design issues I'm not sure an actual implementation buys you much over the NT approach. That is, while its easy to say "just restart the storage subsystem" implementing something that is capable of getting the state right in a microkernel environment sufficiently that a bug which takes down a critical subsystem isn't repeatably fatal (or just drops important filesystem updates/whatever) likely creates even more complexity in which latent bugs can hide. Particularly in the face of buggy hardware where the driver is trying to avoid/work around a hardware misbehavior, doing something like restarting a disk controller won't necessarily unwedge a stuck command queue in the hardware.
So, that said, I think if you keep the crappware (most "security" software for starters, maybe certain GPU drivers too) off a windows system its really rare to have windows crash. In the past 15 years I can't actually remember the last crash I saw on a machine running only WHKL qualified drivers, and i've never seen a crash on a server core machine.. etc...