There are many. There are many people who have vp shunts who live a long time. The can live normal, long lives. The key is to have regular follow-ups with a neurosurgeon who can ensure that the shunt is functioning properly. That way, they can anticipate or be ready for surgical revisions often before the shunt fails and it needs to be revised urgently.
Yes. Depending on why the shunt is present, people can live full and regular lives with a vp shunt.