On the other hand, fast turn-off is necessary in the case of MOSFETs. The SOAs invariably end at the 10us limit for short-circuit currents and you don't have much time for any form of sophisticated analysis. Most often a window comparator, so the device is necessarily on a, erm, short fuse. This can be a drawback, because the value of I doesn't matter that much, its I^2*R what causes damage.
IMHO the best of both: a fast, auto-restarting MOSFET fuse.
Best regards, Piotr