fair point, you'd need to be orbiting at that speed to stay in that orbit, but you'd need propulsion to get the delta v to get there after letting go of the tether, but a lot less than to launch from ground level through the atmosphere. Or you could figure out the point higher up the tether to release where your orbital decay would intersect the IS orbits, but given the precision involved in that rendezvous you'd still want propulsion. You'd want propulsion for the last mile bit for pretty much anything other than building a station attached to the tether was kind of my whole point :)