Samsung Electronics, a member of the WiGig Alliance, has just announced an implementation that is capable of achieving 4.6 gigabit (575MB/s) speeds under the 802.11ad standard. Samsung claims that they have overcome "the barriers to commercialization" of wireless over 60GHz. This band has several disadvantages, including resonance with oxygen molecules (included under the blanket of "path loss" in the press release) and its opacity to many solid objects (referred to as "weak penetration properties" in the release).
Image Credit: Wikipedia
Some features that Samsung credits themselves with are beam-forming with less than four-tenths of a millisecond latency and the ability to track multiple devices simultaneously. Beam-forming in particular is said to help offset the mostly line-of-sight properties of earlier 60GHz prototypes. This allows the signal to be directed toward devices, typically by manipulating interference patterns to reduce the energy lost by transmitting to locations without a receiver and thus giving more energy to the locations that do.
Its usage as a product will mostly depend on how tolerant they are to non line-of-sight situations. This rate is comparable to a high-end SATA SSD. Samsung claims that it will be useful for their Smart Home and Internet of Things initiatives, similar to the Stanford and Berkeley announcement last month, but also mention it in terms of medical devices.