That doesn't sound like it's going to improve inflight WiFi much. They do mention also downward connectivity to cell towers, so hopefully the satellite link isn't used much. There's not much info on how many spots over Europe won't be covered by the ground cell towers.
Edit: I do find the grumbling about inflight WiFi performance funny. You're in a metal tube that twists and turns, 5+ miles high in the sky, going 500mph. Installing the system means cutting a huge hole in the plane and detailed certification testing down to every wire connector...and thus nothing can be upgraded at a normal pace. Isn't being able to check your email novel enough? Why are you surprised that YouTube doesn't work well?