yeah, long thread on reddit with people discussing coverage, latency and speeds. lol. waiting for india to jump in and ask... how much would it cost for a 100mbps connection with unlimited data transfer?
latency should be easily managable since these are very close to earth and use lazers. speeds should be fine too I think. coverage per satellite will be very low however since they're really close to earth. thats why they need 12~20000 satellites to cover the whole earth
latency should be good for web services that are not locally hosted or available through cdn as they would bypass the tens of nodes plus international routes. but to access something hosted locally, it would probably be relatively bad.