I'd say the severity would depend on what stage of the process you're in, and how far into the die the shell is when it lights up.
I'd not bet on the die blowing out from the top, depending on the make and the station.
If you were seating the bullet, things would be a lot worse. I'd imagine that at the very least you'd catch a lot of brass and powder fragments, and the press ram would be blown down pretty forcefully.
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"The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind" -Theodorus Gaza
Baby Jesus cries when the fat redneck doesn't have military-grade firepower.
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