Most professional recording studios are using consumer computer hardware that can't do hard realtime with software that doesn't support hard realtime.
People like deadmau5, Daft Punk, Lady Gaga all perform with Ableton Live and a laptop or desktop behind their rig. If it were anything more than a minor inconvenience, these people wouldn't use this.
It's very unlikely to have audio drop outs, a proper setup will basically never have them. But still if you have one audio dropout in your life, you're not dead, your audience isn't dead, a fire doesn't start, a medical device doesn't fail to pump, and so on.
And yes you can badly configure and system, but the point is you can't configure these to be 100% guaranteed, 99.99% is perfectly fine.
Edit: Sometimes people call these "firm" realtime systems. Implying the deadline cannot be missed for it to operate, but also that failure to meet deadlines doesn't result in something serious like death (e.g in a video game you can display frames slower than realtime and it kind of works but feels laggy, however you cannot also slow down the audio processing because you'll a lowered pitch, so you have to drop the audio.)
People like deadmau5, Daft Punk, Lady Gaga all perform with Ableton Live and a laptop or desktop behind their rig. If it were anything more than a minor inconvenience, these people wouldn't use this.
It's very unlikely to have audio drop outs, a proper setup will basically never have them. But still if you have one audio dropout in your life, you're not dead, your audience isn't dead, a fire doesn't start, a medical device doesn't fail to pump, and so on.
And yes you can badly configure and system, but the point is you can't configure these to be 100% guaranteed, 99.99% is perfectly fine.
Edit: Sometimes people call these "firm" realtime systems. Implying the deadline cannot be missed for it to operate, but also that failure to meet deadlines doesn't result in something serious like death (e.g in a video game you can display frames slower than realtime and it kind of works but feels laggy, however you cannot also slow down the audio processing because you'll a lowered pitch, so you have to drop the audio.)