OK so my connection is Satellite.
I kinda knew it... But now its confirmed.
That is the reason for the very high latency and mediocre upload speed.
But hell! The download more than makes up for it
I won't be able to play online with the PSP though... Too much latency.
What do you guys think? Should i switch to another ISP? Coz there is another wifi network available here. Wah rocks