In addition to the system part being read-only, we also try to minimized writes to the data partition. We're using some of the ext4 settings to make sure writes happen less frequently as we're perfectly capable of recovering from lost data after a reboot.
OS: SquashFS file system (ro) -> Config partition (ro/rw) -> tmpfs partition (rw)
Player software: SquashFS file system (ro) -> Data partition (ro/rw) -> tmpfs partition (rw)
The config partition is mounted read-only, all changes are written to the tmpfs partition. We then use a script to bulk write desired files to the Config partition (i.e. remount rw, copy files, remount ro). This limits the write time to a fraction of a second (these are only small text files).
As for the data partition, we remount the partition rw when we're updating the music files and check for filesystem consistency on bootup.
We hadn't had a single system fail because of the SD card in over 2 years.
Right now there isn't a way to do remote system configuration changes (through a UI, it's doable from a command line). Most changes happen through the "apps" deployed on those devices and those configuration is treated as volatile and might get lost during power outages (but then repaired later). If we decide to allow modification of the few system settings we have, I might treat them as a new A/B cycle and recreate the complete system with the changed settings on the other partition. That way I also get automated fallback if anything is misconfigured and (for example) the device fails to connect to the new WiFi.
Otherwise this is really good to know. I guess I don't run RPi's enough because my lazy unplugs haven't been an issue...yet.
We also handle system updates by using a A/B partitioning scheme, so you can even turn off a device in the middle of an update without breaking it. The additional benefit from that is that all system updates are atomic and self-contained, so you always have the newest version without any potential leftovers from the previous version (or the previous version if the update got interrupted). Customers that have installed our first version 3 years ago now run the exact same OS that we released today. It makes it really easy to provide support.
For obvious reasons we also need a read/write partition to store downloaded assets. We treat this partition as volatile and have an easy way to automatically verify and repair content if anything gets corrupted for whatever reason.
If you want anything running reliably on a Pi, I feel this is the only way to do this.