It's unclear what Huston means by "real time", but in the comments section he cites the fact that it took 6 months for the misissued Symantec certificates for example.com to be noticed.
That's because the owner of example.com wasn't monitoring CT. Had they been monitoring, they would have been alerted quite quickly. As a case in point, when Certinomis misissued a certificate for test.com, my monitor notified me 16 minutes after issuance, I filed a report with Mozilla two hours after issuance, and a representative of Mozilla responded less than 3.5 hours after issuance.[1] That's pretty fast.
And now Mozilla is kicking Certinomis out, providing yet another example of how CT is improving the Web PKI. CT works.
[1] https://bugzilla.mozilla.org/show_bug.cgi?id=1496088