That seems pretty low, especially if this was 1GB of RAM. I'd use swap on such systems. I don't think there are any reasons today to buy physical machines with that little RAM, but I can see how you might have such VMs,

That said, I agree with other commenters that said this sounds like a kernel bug. I am wondering what was going on to wedge the system that bad. Would putting executables on tmpfs (so they cannot be paged out) helped?