I wouldn't be able to get this console then living in sort of rural Canada (I didn't have any interest in buying the console in the first place, but still).
My internet here is the fastest offered by any ISP and it is still under 1.5 MBPS.
I believe that's technically the recommended speed. If you aren't playing online/using the power of the cloud(tm), then you don't need much. As Phil Harrison said, it's only sending a few kilobytes when it phones home.