So what is byte? First of all, it's not the stylish way of spelling bite.
As I mentioned previously,
Kbps = Kilobits per second
KBps = Kilobytes per second
Mbps = Megabits per second
MBps = Megabytes per second
Bits is a smaller unit compared to bytes.
Thus, 1 Mbps is NOT the same as 1 MBps.
The Streamyx line that I and most households use is the 1 Mbps package. The fastest line that Steamyx offers is 4Mbps, last time I checked.
1Mbps converted to actual download speed is about 150-160 KBps.
With about 10 to 15 simultaneous torrent downloads, you can boost this speed to more than 200 KBps, but not permanently.
With Rapidshare Premium account download, the max speed that I can get is about 170KBps.
Thus, in conclusion, don't get overhyped when you see 1Mbps and assume that it means 1MBps download speed.