T-Mobile US rolls out new Simply Prepaid plans starting at $40 per month

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Update: Clarified the post to indicate that speeds are throttled back to 128kbps (about 2G speeds) when you hit your data allotment, not 3G. Also added additional information on plan restrictions.
Original story: T-Mobile today announced a new wave of prepaid plans under the Simple Choice branding. Unlimited data, calls, SMS and limited 4G LTE will be offered on T-Mobile's network from $40 a month. Opting for higher LTE allowances will increase the price depending on how much data you believe you'll chew through.

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