When your computer crashes the blue screen still works. Why not make the whole computer out of blue screen?
@pb @anildash I don't think you wanted a serious answer but I am going to give you one.
What you are describing is MacsBug! Pre-"X" Macintoshes had a thing you could install that was a sort of CPU debugger. You could get to it with a keystroke, or it would launch if a program specifically requested debugger entry… or if there was a crash! (I forget if it did this by default or if you had to configure it, but I believe it was an option.) When you entered it all normal CPU activity would halt.
