>> functional partitioning is a band-aid.
I disagree, functional partitioning is not a band-aid, but an architectural changes that in the end can reap much more benefit than simple data sharding.
>> your whole site is dependent on every single functional partition being up. it moves you from 1 single point of failure to N single points of failure!
Not necessarily, it can also be that only some parts of your site are dead while others work perfectly fine.