This graphic pretty much confirms what I guessed.
They are using a block of 5Ghz channels only for device-device communications. The upside of this is that the actual client connected 2.4 and 5 Ghz channels are not loaded with device-device traffic. The downside is that the client side connections are using a smaller pool of channels. IRL, the downside is pretty much a nothing for 90+% of the population. If you're fixated on getting wired equivalent speeds you're very unlikely to be looking at a range extender architecture.
I am rather fond of the 4 gig ports on the satellite. That makes this both a bridge and an access point, and a decently fast bridge at that.
Again, the only real question I have is how far away you can move the nodes before you get a noticeable speed hit between them.