Sounds like your speeds were a lot worst than 1-2mb.
I can access and load the AppStore fine at att throttled speeds. Even stream video and audio along with normal every day use.
Rather than simple throughput, I think some folks might be suffering from high ping/access times, too. A 1-2 Mbps connection with 50 ms ping is a lot different from 1-2 Mbps with 1000+ ms ping.I agree from my experience.
Why is it that posters are saying being throttled is unusable? What apps would make it unusable?