One could then argue that a specific version of a specific compiler with specific settings in a specific case, after investigation of the generated assembly or inspection of what guarantees the compiler provides beyond the language, is not exploitable. But other settings of the compiler and other versions of the compiler and other compilers may have different guarantees and generation of assembly.
The Linux kernel uses, as I understand it, a flag for GCC for C code that disables strict aliasing. That basically means that strict aliasing is no longer undefined behavior, as long as that flag is used. Basically a dialect of C.