http://www.notes.co.il/benbasat/5240.asp
Probably significant jitter on the RTTs though....
My personal favorite quote along these lines has always been,
"Never underestimate the bandwidth of a station wagon full of
quarter-inch tapes."
Even thought the oft repeated story behind it may not be totally true,
http://www.bbc.co.uk/dna/h2g2/A678576
And of course there are other theories on the origins,
http://www.bpfh.net/sysadmin/never-underestimate-bandwidth.html