Note that connection-oriented protocols are not necessarily reliable protocols. ATM and Frame Relay, for example, are both examples of a connection-oriented, unreliable protocol. There are also reliable connectionless protocols as well, such as AX.25 when it passes data in I-frames. But this combination is rare, and reliable-connectionless is uncommon in commercial and academic networks.
Note that connection-oriented protocols handle real-time traffic substantially more efficiently than connectionless protocols, which is why ATM has yet to be replaced by Ethernet for carrying real-time, isochronous traffic streams, especially in heavily aggregated networks like backbones, where the motto "bandwidth is cheap" fails to deliver on its promise. Experience has also shown that over-provisioning bandwidth does not resolve all quality of service issues. Hence, (10-)gigabit Ethernet is not expected to replace ATM at this time.
Some connection-oriented protocols have been designed or altered to accommodate both connection-oriented and connectionless data.