It used to be a de facto standard in many programs. Since almost no mouse had a scroll wheel, you'd use the space bar or the cursor keys. Spacebar was usually faster, I guess some people still do.
Still doing that, also in Thunderbird, to scroll through E-Mails and go to the next one when reaching the end (or pressing "n" or "p" for previous). I even use shift + space to go up again. I thought it was very common. Another alternative, maybe a bit more intuitive is using page up and down buttons.
i love it. my mac doesn't have the home row (don't know if that's how that row of buttons is called) so I use spacebar and shift+spacebar as pgdown and pgup when I am reading
They're called the navigation keys. Fn + Up/Down (arrow keys) is PgUp/PgDn, and Fn + Left/Right is Home/End. But of course, those keys are on completely opposite sides of the keyboard, so Space is more convenient.