http://www.extremetech.com/extreme/152906-european-scientist...
http://spectrum.ieee.org/tech-talk/aerospace/satellites/chin...
http://www.extremetech.com/extreme/152906-european-scientist...
http://spectrum.ieee.org/tech-talk/aerospace/satellites/chin...
It's sometimes (inaccurately) used to describe quantum entanglement (or quantum encryption) but it doesn't actually allow for the transfer of information.
It can be used for quantum encryption but the actual information transfer has to take place over a traditional medium. When you hear those stories about quantum teleportation and such that is generally what they are talking about.
My thoughts were summed up by having a device here on earth that is entangled with a device just above the surface of the sun. Now imagine the sun vanishes and the devices communicate this information over the entanglement, thus (to my mind) breaking the "light barrier" as we receive an 8 minute warning that the lights have gone out. I don't fully remember (or understand!) the answer I got, but it most definitely had a reliance upon a relativistic communication channel.
[also: what H3g3m0n said - entanglement is not about the transfer of information]