Why aren't modern filesystems based on a content-addressable-store where the content is 100% separated from the organization of the filesystem itself? It seems to me like it would make more sense to have only one copy of a file ever saved and when modifications are made you get a new pointer to the changed file. Obviously it wouldn't make sense to do full copy on modifications for files over a certain size, but in this situation the filesystem could offer an abstraction over a patch and pointer to the original file until the system is idling and a full copy could be made.
The reason I ask about this is because it would make updating anything and rolling things back trivial since it would simply be a pointer change in the file hierarchy hash map from the new file to the old file and back again. Furthermore, such a system would give you dedupe for free and files could be marked for deletion only once the last pointer to the file in the CAS has been deleted.