So, I think it's possible that the cat is both both dead and alive. I think this is explained quite easily by the addition of time--it really doesn't matter. The experiment shows that the cat can exist in both it's living and dead states simultaneously because in one case, one outcome is possible, and in another, the same is true for the other. To an observer, therefore, the cat would both be dead, alive, and any combination or twist thereof. I see no problem with this. It's fascinating really, and illustrates pretty clearly that reality is a function of what can, and cannot happen. Things do, or do not. They also try, because we can imagine them trying. It's all quite beautiful and elegant really.