NLE is great for editing, of course unrivaled for that particular purpose.
But then on realtime live performances, when a subtitling or bug/logo insert, latest newsfeed is required at an affordable cost, I still find I have to go back to my trusty Amiga and its genlock with Scala InfoChannel 500, Broadcast titler 2 or even Monument Designer.
An Amiga and a good genlock still has some use, specifically in adding flexibility for realtime titling purposes, for everything else, it is insane not to be using NLE equipment.