For anyone unfamiliar with the AS/400 and predecessors I highly recommend the expensive book by Frank Soltis who is largely the architect of it. Many things were done very differently than other operating systems and applications. http://www.amazon.com/Inside-AS-400-Second-Edition/dp/188241...
The IBM AS/400 or whatever it is called this week uses tags too for security. (A bit is flipped if a pointer is written too thereby preventing changing pointers.) The PowerPC chip has optional support for tags because of this.
Source: http://www.amazon.com/Inside-AS-400-Second-Edition/dp/188241...