Doesn't it duplicate effort to put the responsibility of checking for available memory on individual applications?
I think, in most computing environments, it should be the operating system's responsibility to inform the user that free memory is running out. Applications should be able to assume that they can always get memory to work with.
I think the swap is an extremely sensible solution, in that executing programs slowly is (in most environments, including desktop) better than halting programs completely. It provides an opportunity for the user to fix the situation, without anything bad happening. Note that the swap is optional anyway, so don't use it if you don't like it.
Comparing modern computing environments to the Amiga is laughable. It's not even comparable to modern embedded environments, because they serve(d) different purposes.
I'm a hobbyist C application/library developer who assumes memory allocation always works.