- Perturbs the orbits of every other satellite badly. Gravity has the longest range of any fundamental force. Even making the satellites point gravitating masses only subtracts off the radius of the Earth from their effective range, given that 1 g is the nominal gravitational acceleration at the surface of the Earth.
- Perturbs the orbit of the Moon itself. 1 g is straight-up acceleration, not thrust, and therefore is not proportional to mass. It is proportional to distance and these satellites are passing closer to the Moon than the Earth so you have the n-body problem to solve.
- Probably screws up weather patterns and tides beneath it pretty good, with global effects.
- Increases atmospheric escape to space quite a bit
- DoesWhile it does null gravity in a zone between the satellites and Earth but, then you have to fight the gravity of both the satellites and the Earth once you try to reach an orbit above them. TANSTAAFL.