They actually have a fairly practical-looking design though. ARC will use FLiBe for tritium breeding and coolant. That will surround an inner reactor wall that's 3D-printed and replaced annually. MIT already demonstrated joints in the superconducting tape, allowing the reactor to be opened up to replace the core.
Economic viability is an open question for all tokamaks. Some of the other designs would have a better chance of achieving low costs if things work out, but there's a much bigger question mark on the plasma physics.
It’s really not clear which would end up cheaper in the long run.
As to containment, the lack of high pressure steam makes much thinner walls completely viable. You still need shielding around the vessel, but not a completely redundant system capable of containing highly energetic steam explosions.
In terms of risks, sabotage at a nuclear reactor can be vastly more expensive than just the cost of equipment. Modern reactors are reasonably safe, but not if people where actually trying to break them. Especially when you consider what someone could do with access to the fuel. It’s not weapons grade, but dirty bombs are horrific.
The building housing an ARC will be very large. The reactor itself is 20 meters tall, and the entire top half of it has to be lifted off and moved aside when changing out the vacuum vessel. All that lifting and moving will have to be done remotely because of radiation from the activated vacuum vessel, which then will need yet another shielded area where it can be broken down for disposal and the debris from that cleaned up or at least contained.
Safety system don’t just need to handle normal operations. The energy in a fusion reactors magnetic fields is very well known, a fission reactor steam explosion or potentially hydrogen explosions can bet vastly more violent.
Using Fukushima as a baseline. ~1,000 kg of hydrogen * 142 MJ/kg is a lot of energy and that was vented outside the primary containment vessel before detonating.
Granted this is not an inherent requirement for fission, but good luck convincing regulators it’s unnecessary.
IOW, we're never going to break even. You and I are paying now, and would in any case never get any of the revenue, if in fact any could be had.
But we are supporting the careers and research of plasma fluid dynamics physicists and their students, and a few of them might do other, actually useful, and anyway wholly unpredictable things, later. With a good measure of luck, none of those things will build up to any world-spanning catastrophes the way the steam engine did.
p-B or D-He3 fusion, if achieved, would have application in the outer solar system even if not competitive here.
Lower risks should mean fewer NIMBY issues, which means wider adoption. Nuclear advocates miss that if fission played a larger role in energy generation it would also see more major incidents. Which then risks a backlash etc.
But D-T reactors would mainly breed tritium from lithium. The CFS reactor, for example, will immerse the reactor in a pool of FLiBe salt, which also functions as coolant. Each beryllium atom hit with a neutron emits two neutrons, and when neutrons hit lithium atoms they breed tritium. General Fusion does something similar with lead in place of beryllium.
He3 barely exists on Earth. However, pure deuterium fusion is easier than He3 fusion, and its waste is half He3, half tritium.
Even if it could be recovered, all the 3He on the entire moon might power the world for maybe 100 years.
That strengthens the point I was trying to get at, which was that there's no reason to go to the moon for He3 when, if we can get net power from He3, we can just make it in a D-D reactor and gain energy in the process.
For D-3He fusion to be useful, we have to hope that it will be economically viable to synthesize 3He, in the meantime. Arguably, we ought to be making and stockpiling tritium now so there will be enough 3He when we need it; but that might be too optimistic.
First you need fuel, global Tritium supplies are tiny and DD fusion is much harder.
Next stability is an open question, no Tokamak has ever operated near maximum capacity for even 1 hour.
Add to that serious material science questions, etc etc and even Q>100 alone just doesn’t actually mean much.
Now let’s just assume all of that is solved, you still need to actually ensure your design is economically viable. Simply producing energy from fusion alone isn’t enough which means you need to cheaply solve not only all the above but do so cheaply.