> TIMI is just a bytecode virtual machine and was designed as such from the beginning.

It's a bit more complicated than that. For one, it's an ahead-of-time translation model. The object references are implemented as tagged pointers to a single large address space. The tagged pointers rely on dedicated support in the Power architecture. The Unix compatibility layer (PASE) simulates per-process address spaces by allocating dedicated address space objects for each Unix process (these are called Terraspace objects).

When I read Frank Soltis' book a few years ago, the description of how the single level store was implemented involved segmentation, although I got the impression that the segments are implemented using pages in the Power architecture. The original CISC architecture (IMPI) may have implemented segmentation directly, although there is very little documentation on that architecture.

This document describes the S/38 architecture, and many of the high level details (if not the specific implementation) also apply to the AS/400 and IBM i: https://homes.cs.washington.edu/~levy/capabook/Chapter8.pdf