I was going to ask what the point of this was, because I can just do it already on my iPhone. But from the comments I guess they charge you extra for it in the US?
That sucks.
Me? I get 5GB of data on my plan which costs $89 AU a month. That includes unlimited phone calls, SMS, voicemail etc
The only thing with a cap of any kind on it is the data, and I never use even close to 5GB, even with my iPad and MacBook tethering occasionally.