I have a Subaru with some sort of "Eye Sight" feature. It is quite handy in maintaining a constant distance from a car in front of you in moderate traffic - but you have to always be ready for someone to cut you off. It tracks the lane markers and rumbles the steering wheel. If a car stops short ahead of you, it beeps and flashes an indicator - I'm usually on the ball enough to hit the brakes myself though, so I don't know if its automatically braking or not.
That being said, there is a place on my commute where going around a curve in one particular spot (southbound highway 17 in Santa Cruz, before the Glenwood Cutoff if anyone is playing at home) where 9 times out of 10 the car thiunks thinks I'm about to drive into a wall, sounds the alarm, and then regains its senses.
So I haven't had it fail in a harmful way but I also don't think I'd ever give it enough rope to hang me with.