[PabloOsinaga]

It is technologically feasible today within a distance radius of 200 miles or so if the internet infrastructure around you is solid[1]. But as I mentioned in another comment, synchronous collaboration has a lot of friction, so I think while this is really cool, it's sort of an icing in the cake type of experience more than the most used scenario. Asynchronous is more convenient. And Bandhub has a sort of "live" feel since it has video and most tracks are recorded in one take (so there could be some slight mistakes or imperfections that make it feel very "real"). If you haven't tried it yet you should. The "live" feel to it was a pleasant surprise.

[1]NOTE: Most of the latency is actually in the audio processing components (internal audio device, driver and application buffers). There is some specialized hardware that minimizes this latency, making it work well across <200miles distance (or so). After that, speed of light + internet router buffers add way too much latency and it starts to not work so well.