Are you sure that's true of the GH2 specifically? It already does voltage monitoring to implement it's software-enforced 8.4V PSU cutoff point, so it may well monitor the battery V directly. And of course it wouldn't do this (or display it) if it thinks a PSU is connected..
I doubt it's a smart battery monitor, it's likely just a comparator setup or an UVLO (undervoltage lockout) circuit. I also doubt it's strictly software enforced either. Smart battery systems rarely work open loop, it's usually a combination of battery controller and charge controller working in a closed loop with each other. They are designed to work independently from the system they power as a safety feature so that no software glitch can cause runaway charge cycles which would cause damage and possibly fires.
Generally smart chargers count columbs of charge independently of what the GasGauge says the battery is charged to. While the battery reports a "calibrated" charge percentage, the charging IC only really cares about alert flags from the battery controller. Alert flags are either warnings or some other battery status. The charging IC or host controller on the I2C/SMbus can also interrogate the battery for its status as well. Either way, the GasGauge reading is usually fairly close to the actual % charge.
Did I read that the camera body does NOT give you shutdown warnings when using 3rd party batteries? Smart batteries will send out an alert with low battery warnings at pre-determined levels of charge, I'm wondering if the body gets all of it's all of it's low battery warning from the battery itself. It seems like it should as there would be no point in having some kind of secondary voltage watchdog in the camera. This would explain why the cameras offer no shutoff warning.