There are quite a few applications where the latency that comes from using satellites would be quite tolerable.
True, but it's still annoying. Adding in the way Sat handles packets, it'll not be particularly wonderful but as I say, any is better than none when you're on a plane for 14 hours with a power point

And of course the airlines are quick to say 'no video conferencing or skype' which are the main two that are very critical to latency when I think of it. Online gaming being the other, but that's not going to be in high demand amongst the target demographic they're aiming at i'm guessing. Some VPN's will have issues too depending on configuration.