> I'd say common usage of the phrase "real time," means with respect to human perception, and that is how its being used here.
So do you consider YouTube a real-time system? After all, images are moving on your screen "in real-time" from the user's perspective.
It seems to me that these are all streaming systems, and when the data is "live", then it's "live streaming".
Even colloquially, I hazard that "real-time" has some implication that there's some correspondance between your temporal reference frame and the original temporal reference frame. I think the engineering definition just made that correspondance precise.