I don't like caps, but...
1) 10GB is twice the rest of the market, that's good. If T-Mo keeps themselves at "twice as big a cap as everyone else", that's annoying* but acceptable.
(* that they have a cap at all)
2) If the "when you exceed it, we throttle/banish/relegate you to EDGE" part is true, then that's a lot better than the language about "54kbps" and/or "we might terminate your account".
Still, I would prefer a daily cap (say, 330MB), that resets every day, over a monthly one that resets with your billing cycle.
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