FYI: it takes 1.9ms for light to travel 570km.
Given a situation where people are just streaming Netflix, then the latency should not be an issue, but if you are browsing a webpage that hits 50 domains downloading random javascript stuff, it will result in a summation of a bunch of 1.9ms*2 events occurring. Plus, if people are at an angle to the satellite, or your data hops between satellites, then you will be seeing additional latency. It would seem like the optimal approach to web browsing for example would be similar to the Amazon Silk browser, where you communicate your "intent" of what you want to do like which webpage you want. Then it renders that webpage in a local instance on the cloud, then transmits the fully rendered webpage to you in a streaming sense. That process would likely cause additional latency before you start to see something show up, but the result is actually a shorter total time to get your page in front of you.