These are going to be approx 1100 miles up. Plan is to orbit 1000s of them. They are talking about gigabit speeds. Looks interesting.
The latency will indeed be radically negligible.
I would sign up in a second.
Nice country location, but internet is awful. After much searching found a provider who offers microwave internet. Claims 12 MBPS but 6 is what I get on a good day.
Low earth orbit (LEO) solves the latency issues of geosynchronous orbits.
Cost is the only real concern, but if I can get enough data to stream TV, I can cut DirecTV bill and it becomes affordable.