Acceptable. Your VoIP quality will suffer some, and you will have a disadvantage in many online games. Most streaming media will be fine. You should try testing again to another server close to you.
MOS between 4.00 and 4.27 (Example - a ping around 150 ms with 1% packet loss)
Packet loss 100% O_o
Packet loss 100% O_o
How, exactly, are you communicating with us?