> If / is the only thingee that is read only, 
> I don't think that buys anything worthwhile.

It's one less fsck needed after an unclean shutdown, if nothing else..

This can be quite useful on boxes with unreliable power if you know you
don't need to write to the partition.

It also helps keep your kernels and boot loader intact, increasing
chances of doing something useful with the box afterwards, especially
helpful if it's remote-hosted, you have a serial console setup in
boot.conf, and you don't have easy access to the physical machine.

btw: it's necessary to modify /etc/rc to mount / RO.

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