Yes it has, but consider:
The consequences of an engine failure are likely to be a period of high workload followed by a safe landing.
The consequences of a tardy decision to stop in limiting circumstances are a definite overrun, casualties, and perhaps a hull loss.
I know which I prefer.
Also, my view is that the take-off maneouvre is so important, that it's not fair on the FO or the passengers not to have both pilots fully involved and both with the right to call the whole thing off if they don't like it. Legally, by the way, this is the case, as discussed earlier concerning incapacitation.