Real time implementation - Adaptive filtering of evoked potentials

Probably our defination for real time for the present project would be
the first option of yours....

         Yes you are right that doing a graduate project is to do it
for ourself. Let me tell you what the fact is....Well we are already
finished with the project without the real time implementation but it
was our interest to implement it in real time so that we get a better
exposure to real time implementation which is ruling todays world in
every arena. Thank you all of you for the reply..... It will surely be
very useful for the very little time we have...

I am now doing the project on Tms320vc5409, so it could not do as what
you said? Any more suggestion? I really appriate with it!~