It's hard to say how chakra circulation is going within that time (assuming that your soul isn't sucked right away like with the Kyubi). Oro could at last move some of his fingers and use telekinesis, or what the heck that was. It's possible that even Susanoo could be activated since it doesn't need seals. Actually Susanoo vs Death God seems like an awesome match up .
The jutsu itself is very similar to the thug of war, the only difference is that you try to suck their soul and not chakra, although seeing how soul looks very similar to chakra, it's possible that Spirit type chakra is used as a container, or tunnel for the proper soul.