Ouch. Prospective T-Mobile users have missed the boat on myFaves, because it's not going to be around any longer. FierceWireless reports that the German-owned carrier sent them a statement confirming the feature's end. If you never had it, myFaves was an option which allowed users to choose up to five frequently-called numbers to get unlimited calling to. However, in light of T-Mo's rash of new unlimited calling plans, the feature has become less and less significant.
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Users who currently benefit from the plan needn't worry. All users with the feature will be able to continue paying for it as long as they wish. T-Mobile will also continue offering the myFaves homescreen for free across all their phones. Basically, it's now an app that links all the contact info of your five most frequently contacted people.
I've had the myFaves plan since it was introduced in 2006, but since I got my G1 I've had absolutely no use for it. It's a rare month where I spend more then an hour on the phone, the rest of my communication goes out through IM, email, or text message. A lot of people these days are in that same boat, and most of the ones that aren't pay for unlimited plans. I don't expect this will cause too many complaints for T-Mo.