The author says it works in real-time, but to non music/audio folks this could mean '100 ms latency is real-time enough, right?'
Generally, I think the audio VST business is a really fun space to be in for a lifestyle business, as it is way too small to be attractive for VCs. It seems like a space that provides many niches for lots of small players to thrive in.
As an aside, it's really quite interesting that a lot of cutting edge tech is now used to emulate the hardware-based tech of yesteryear. Think film filters for photoshop, and about 90% of all audio plugins that emulate high end hardware, compressors, pedals, etc etc.