Is there any new information about latency since before that you want to expand on?
At 550k off the deck, my house to Los Angeles isn't that much closer via satellites link that terrestrial fibre, maybe a few hundred kilometres.
But it's more interesting if we discuss the latency itself, rather than complaining about previous discussions around the latency.
As it seems right now, the latency is more than alright, at least for people who are used to really shitty latency. Sure, it's not gonna replace your home connection if you live in-or-near a city, but for the rest of us, it's much better than what was offered before.