Depending on attenuation though, you may be able to pick-up PLA several houses down connected to the same residential feeder. This isn't like you'd necessarily have to try to tap in to the mains coming in to your house. In an apartment building where it is all on the same main panel, ANYONE could tap it within the building.
As for speed, no, but are true speeds. The signaling rate sustains 300Mbps on 802.11n 2:2 40MHz. Its true 300Mbps. The problem is, you lose some of error correction (a lot, like 20-30% is error correction overhead depending on exactly standard or low error correction), beacon signals, preambles, CTS/RTS, etc. So what ends up happening is, even on the best of the best, you are losing 30-40% to overhead. Then you have TCP/IP and any layer 7 application overhead which brings net yield in a good environment and a good client and base station down to around 60% of rated spec.
For example, I have an awesome setup and I get around 200Mbps on a 300Mbps 802.11n 2:2 40MHz 5GHz connection (actual payload data for an SMB transfer). The same but 2.4GHz bumps it down to about 185Mbps (I have no conflicting signals, but it could just be better reflection, fewer microwave interferers on 5GHz for me over 2.4GHz).
PLA is also an actual signaling rate of 200/500/600/etc. But you have over head for error correction, TCP/IP, L7, etc, etc. Power line also tends to be a VERY noisy environment. Think of it more like doing 2.4GHz wireless, but with a bunch of microwave ovens with their doors off and running and several 2.4GHz phones all running at the same time. Then you possibly throw in several walls in the way. That is what the PLA environment is typically.
It isn't really ficticious, but it is VERY much YMMV. I do think it is a shame that manufacturers can't come up with a common test scenario for various equipment across an industry an tack that on to spec sheets/advertising.
For example a standard wifi test. It could even be a relatively clean one, but choose a standard client, standard test setup and then report the speed. So if in a clean environment (wireless signal wise) at 15ft your N300 router to the standard client is actually only capable of 160Mbps (2:2 40MHz), report that. If it does 180Mbps, report that and so on. You don't have to report worst case, or even typical case, but an ACTUAL AND REPEATABLE BEST CASE would still be nice. You can't get 300Mbps payload even in a faraday cage environment between the best ever router and best over client. I think it is fine to say its a 300Mbps product, but lets also say what it can realistically do in the best possible case scenario too.