Jet Blue just rolled out free wifi to most of their US-based flights... and while it was pretty slow, I could still RDP into my work computer to answer emails and read HN. That was pretty sweet. You can pay $10 to get "gaming" speeds but I didn't test it out. I'd imagine most pings being >200ms. Has anyone tried it out?
I work for ViaSat (the satellite provider for FlyFi)! You'll never have latency fast enough for "gaming" speeds, as your signal has to travel halfway to the moon and back meaning a physical limit of at least 500ms. Not good enough for gaming, but streaming/torrents/large downloads work great.
Source: I used to do some consultancy for a provider of in-flight entertainment / wifi systems.