I have equally clear memories of my first overseas calls carried by undersea fiber because the lack of latency was so pronounced compared to what I had become accustomed to by then.
I still can barely tolerate carrying on a conversation on a cell phone though. The latency and compression artifacts are just horrible compared to a landline. VOIP has gotten pretty good though. I can't tell the difference between a good VOIP landline and a POTS line.
You: Copy.
All landlines now get digitised and packetized, and usually go over an IP network, frequently via the landline companies HQ hundreds of miles away, before heading back to your neighbours house who you were calling...
Data is the same - If I ping my next door neighbor, from my broadband connection to his, it goes via London (my ISP's headquarters) and Manchester (his ISP's headquarters) before coming back to him, with a round trip latency of >20ms. In sound terms, that delay is like him standing in the next room over.
I feel like that would be enough to be basically perfect, though. If only we could cut down on everything else in the chain adding its own latency.
We've had it for so long now with digital cell phone calls, even HD calling, certainly Zoom et al (some are particularly aggressive on the noise gate when others are speaking over you).