Looking into the locking you will see that ONLINE operation uses (Sch-M) on the corresponding table as part of the process (actually takes Shared Table Lock (S) at the beginning of the operation, and a Schema Modification Lock (Sch-M at the end)).
So to be granted a SCH-M lock you can’t have any conflicting locks, so what happens when / if you have a process that is updating the table and you want to use the ONLINE rebuild? Yes you will be blocked. With 2014 onwards we can control what happens if we get into this situation and for this post I am going to abort the other query causing me to wait.
Not sure I like the “Kick the other guy(s) off” part that much, but I can see uses. It’s probably more likely to go the opposite route, cancelling the rebuild if the server’s too hot.