10Mb/s is roughly 1.2MB/s download.
I know because I have a download speed that went from 10.5Mb/s to 18Mb/s so now I can max out at around 2.5MB/s download.
(for those who don't know this conversion; 8Mb (Megabits) = 1MB (Megabyte))
Even 1MB/s is really good for a basic home connection. Downloads finish relatively quickly and light server hosting is pretty smooth.