I don't see how bugs of zone escapes and such are necessarily proof of the concept not working.
Chrome also has had its fair share of sandbox escapes and zero-click remote code execution exploits. Does that mean you can't have a browser? I mean by those standards if even Google can't get it right us "mere mortal developers" might as well quit all together.
> The problem is that zone cotenants share a kernel.
Even with a "hardware" VM they share a kernel (it's just called a hypervisor). And while they share that kernel to a lesser extent there are also VM escapes. The VMWare and KVM security advisories are a testimony to that.