God has a lot of problems including:
- It leaks memory
- It has trouble stopping and restarting processes
I did a write-up about it at http://blog.bradgessler.com/use-monit-with-rails-not-god
The only real problem with monit (if its a problem) is that the configuration files can get a bit verbose if you're running large clusters, but this could be solved with a templating system.