I have DSL that 1.5mbs.
Is that fast enought to use VOIP and not run into alot of problems. I know you would have to be worried about both your up and down speeds. I have heard some say VOIP works great while others say that the service drops their calls or that they have poor quality. I am thinking about using VOIP to add an additional phone line to my small business so that I can call out for free as well in the US. Can I rely of the service or should I stick with a traditional land line? Also does anyone know of a cheap landline long distance placn?

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256 kbps (not mbps, no such thing yet) will do it. Anything above that and you can use the computer on the Internet while on the VoIP phone and have no drop outs.
My VoIP phone is as clear as my land line, even when talking to people in Europe (can talk to 17 countries over there free)