It's good that latency is considered to be so critical, but for the same reason I'm sceptical that this would work well for the majority beyond quite local ranges with very good internet connections i.e some kind of fiber... which most people don't have, although I realise a lot of the tech crowd is unaware of this (most of the worlds user end points are some kind of DSL or cell network with a 20-40ms minimum). If an…
With fiber, you can hit the exchange point in 1-2ms. So I suppose this tool would work well fine over fiber assuming everyone is in the same city. I've even heard of people successfully using protocols like Dante (professional audio over IP intended for LAN) over gig fiber lines as well.
From my experience, a couple milliseconds of latency is fine for keyboard or guitar processing, but anything more than that starts to mess me up. There are artists who insist on using a full analog chain for monitoring for that reason, and refuse to use digital mixers or digital wireless systems that can add several ms of latency.