couldn't tell you dog-god, as all ISPs are different. I had a sat connection in Canada & when doing work for some groups in asia. The one in canada was much better (cause friend owned the business), & was able to test it upto 3Mb/s down & 140KB up(though for every day use, it was set to 140KB down & 80KB up).
They do tend to work well if your provider has a good connection as well. The settings you are talking about, seems like kilobits (kb) & not KiloBytes (KB), so you would be expecting a speed of around 50KB download & 16KB upload. This is still very good, especially if you're not in the city (don't forget you're not in the North America where you can easily get a DSL/Cable line of 2Mb down & 1Mb up for fairly cheap).
I don't know how well your ISP is in Ireland, but a 2 year contract is a long time. You should do some checking up with their service at either the better business bureau there or from other subscribers using them. Also they require a huge cache file on your HDD of about 400MB (at least that was back then *3 years ago).
Hope you have the best of luck with them.


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