Almost all devices have something like that already in the form of a bootloader or SOC bootstrapping mode. But the idea breaks down if you want to do it OTA. The full storage/kernel/network/UI stack required to make that happen isn't ever going to run under "ROM" in the sense of truly immutable storage.
The best you get is a read-only backup partition (shipped in some form on pretty much all laptops today), but that's no less exploitable really.