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To happen once is quite unusual, these engines are not known for that issue. But to happen two have two cars with the same problem - couldn't even begin to calculate the odds of that happening.
For the Matrix - What oil weight are you using? What oil are you running, what oil filter? How often do you take it up to 6K RPM or beyond? From the description, sounds like it was oil starvation that killed it. To find the exact cause, you'll have to tear down the engine. My suspicion is dead oil pump or clogged oil pickup screen. Could also be a shredded timing chain guide or FUBAR timing chain tensioner. Leaking timing chain tensioners are a pretty common issue on almost all the Toyota cars with VVTi on them, usually manifests when you get close to 100K miles or so. There are also oil drain tubes inside the valvecover that direct oil over the cam and timing chain, might be worthwhile with the valvecover off to check to see if those tubes are clear.
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2002 Corolla S, 1.8L 1ZZ-FE VVT-i
2003 Matrix XRS, 1.8L 2ZZ-GE, VVTL-i (RIP)
2009 Matrix XRS, 2.4L 2AZ-FE VVT-i
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