Looks like T-Mobile has decided to get in a little closer with the competition. They have now unleashed their new Unlimited Everything plans, sadly they aren’t truly unlimited but more on that below. They are offering two unlimited packages, one being on contract, and the other is contract free.

The Even More plan is $79.99 per month and requires a two-year contract, then the Even More Plus plan is $59.99 per month with no annual contract required and is geared towards the month-to-month prepaid customers. Both of these are for a limited time only so we suggest you hurry in and get a shiny new Sidekick 4G, or wait a few days and get the LG G2x.

Sadly we have heard some news that makes these exciting plans not all that exciting after all. Yes everything is unlimited but if you go over 2GB on your data T-Mobile will start to slow down and throttle your speeds, basically to a crawl. T-Mobile has said that all you facebookers and mobile data consumers use on average about 1GB a month of data, well they said that the “average” customer uses this amount. I know that I use anywhere from 3GB-5GB a month right now, but I’m more of a power user when it comes to Android. So those plans are a no go for some of those more power users, or those that use lots of data. I am glad to see they are lowering prices, and not increasing them now that data is being used more and more, but unlimited data that is actually capped, and slowdowns are a few things I’m not to happy to see. What are your thoughts? Full press release below:

T-Mobile USA, Inc. today announced that new, single-line unlimited plans are available starting tomorrow for just $79.99 per month, with an Even More™ plan and a two-year contract, or $59.99 per month, with an Even More Plus™plan with no annual contract required. Available for a limited time, the new plans offer great value for new and existing customers with unlimited nationwide calling, texting and data on America’s Largest 4G Network™.

“Consumers today are looking for even more value and flexibility from their wireless plans,” said John Clelland, senior vice president, marketing, T-Mobile USA. “While data plans for many of our competitors continue to be very expensive, T-Mobile is lowering the price of our unlimited plans and offering more options, making it easier than ever for customers to step up to a richer mobile data experience on our 4G network.”

Combined with an extensive lineup of affordable smartphones, T-Mobile’s new Even More unlimited plan allows customers to save more than $350 per year on an unlimited smartphone plan, compared to similar plans from AT&T, Verizon and Sprint1. Customers have the flexibility to purchase any phone in T-Mobile’s lineup and sign up for an unlimited rate plan – with or without a contract term commitment.

In contrast to some competing offerings, T-Mobile’s new Even More unlimited and Even More Plus unlimited plans enable customers to use mobile data on their smartphones without incurring any overage charges. Consumers exceeding 2GB of usage in a billing month will still have access to unlimited data at reduced speeds until their new billing cycle starts. On average, T-Mobile 4G smartphone customers consume about 1 GB of data per billing month.

In addition to its unlimited plans, T-Mobile continues to offer one of the industry’s most affordable entry-level data plans, starting at just $10 for 200 MB per billing month. The company also strives to help customers on these data plans avoid surprise bills with SMS alerts when they are reaching their data limit.

The new $79.99 Even More unlimited and $59.99 Even More Plus unlimited plans are available starting tomorrow for qualifying customers. To find the T-Mobile plan that best fits their needs, customers can visit http://www.t-mobile.com.

T-Mobile’s HSPA+ 4G network not available everywhere. See coverage details at T-Mobile.com.