This is comical marketing hyperbole. Rockets almost always have line-of-sight, unless there's an entire planet or moon in its way. They also deal with distances astronomically larger than a mile.
That being said, I think wireless mesh networks are going to be the best way to break the cable/DSL duopoly in US suburbs. A properly tuned mesh network increases its bandwidth as nodes are added. Its setup instructions can literally be "plug this into the wall on the top floor of your house, then connect to its wifi network".
Latency might be a problem, but based on previous experience, I imagine that modern devices are down to less than a millisecond of latency per hop.