You envision it being like decent satellite TV, I wonder?
I mean, there's no particular reason any satellite provider should be better considering the inherent signal and noise problems of long distance wireless communication. Or short distance, even, if you like me know the difference of quality between bluetooth mouse and headphone, and their wired counterparts. Seems like you hate your available ISPs so much that you're projecting your hopes into something that isn't real.
My internet now is perfectly fine (I no longer live in a rural area).
But it really isn't some crazy thought. The low orbit satellite internet that companies are rushing for will have massively lower pings (and higher speeds) than current satellite offerings.
Considering the local Telco my parents now have offers a whopping 7mb service (and is in the process of filing bankruptcy; the company that offered wireless conveniently decided he never wanted to upgrade his service after he first released it)...it isn't an "if" the satellite internet will be better...it is just a question of when it becomes available and they (and likely many neighbors) will be instant subscribers
For many it'll be just the fact that there will be some type of worthy competition. A single ISP won't be able to offer crap speeds and service for high prices. They will at the very least, have to match the speeds, and service quality at the same price. In order for satellite to gain traction, it's going to have to offer much better than what's available to rural area's now. It's also going to have to overcome the negative reaction to satellite internet because it's almost always been crap. At least until more recently, where it's still not great. This will push new satellite internet providers to offer even better, more reliable service all around to get beyond that negative public mindset. It will mean rural area's won't be left as far behind as they are now, and that's a pretty big deal, considering some places are still stuck using dial up or vastly sub par satellite internet.
Low orbit internet satellites will help no doubt, but they probably won't be an answer to equalizing everyone. Cities will for the foreseeable future, maintain a speed, quality, and price advantage, but nowhere near the gap that exists now.