I'm somewhat curious on why the industry has such an aversion to simulating things in our mind. Especially when this seems to be one of the arguments employed against monads in this speech. That it basically couches something known in an odd name that is not known. Isn't this just stating that it is bad because it confuses the simulator that is the reader?
That said, the live coding aspect is something that I am just now learning from lisp with emacs. Being able to evaluate a function inline is rather nice. It is somewhat sad, as I still wish I could get a better vote in for literate programming. (Betraying my appeal to the human factor moreso than the mechanical one.)