In short, yes - that is a fairly average stat to be reported.
Did you use the Speedtest app to check the bandwidth available? You may find internal LAN file transfers (not involving the internet) can go faster.
You could try the
http://www.droidboxforums.com/threads/wifi-analyzer.83/ app to check if there are channels that have less congestion (so higher bandwidth likely) - you can switch between 2.4 and 5GHz networks there.
Above all of that, there are not many online public sources of video streams that will ever hit even 1/4 of that speed. Imagine filling swimming pool with a garden hose... it doesn't matter how wide the hose is, if the pressure from the local water board isn't incredibly high, you'll soon find a maximum flow rate of your water trumps the width of your hose.