No Reboot Required
technologyreview.com
technologyreview.com
Redhat, Novell, etc., aren't going to support this. Not as long as they aren't the ones providing the patches. So larger corporations aren't going to want to purchase this.
If you have a server that absolutely cannot be rebooted, that probably means it's serving a significant amount of traffic 24/7. Of course, most shops like this probably have redundant servers... so rebooting is not, in fact, a problem.
Maybe servers that are taking real-time measurements? And connected to the internet?
Why don't you think that the Linux vendors won't support this? I can see it taking some time to be introduced, but there'll be a lot of corporate customers out there who would be interested in this and, as long as the process of generating a new patch doesn't take too long, I can't see any reason why this process can't be used by the commercial Linux vendors.
And as grant-parent said, reboots for kernel-updates are a non-issue in larger deployments anyways. If a simple reboot gives you headache then please ask yourself what happens when (not if!) the hardware on that host fails?