Hi,
I developed my own HW watchdog ( separate PCB ). It simply plugs in between a Netduino and the power adaptor. It runs around a 4060 timer. In your code you need to add a function that gives a pulse around every 15 sec. In case there is no pulse the WD gives a reset pulse and in case that might not help it gives a power cycle on the netduino. I'm using it on all my sensitive netduino applications. Let me know if there is interest, then I can publish schema and PCB.
Br,
Arno