Well a 'hardcore' mode wouldn't be much fun either if you got picked off by other players and such.
That said, it would be nice if the 'eject' sequence thing was better, like I don't know some kind of cocoon or such, springing up around you as ship explodes and using a mini fsd to get you to safety, you'd hear fsd drive whirring up and such, maybe only able to see vague lights, and then you would hear like some docking/capturing mechanism from arriving at last station, and get the continue/insurance prompts?
This should perhaps have an option "Use long death sequence" or somesuch? but yeah would be cool.