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This story is somewhat errant from what I've heard ...
I've heard CHEAPER plans may be on the way like $9.99 for light usage
$19.99 for medium and $29.99 for unlimited (but they may start enforcing their 5GB cap - which is in actuality on your account) I've also heard mention of a $39.99 plan that includes unlimited texting and a reduction of the current plan from $119.99 to $79.99 for unlimited talk, text, and data.
From what I understood is that AT&T wants to reign in those that are tethering their iPhones and that this is somehow related to their tethering option which will come sometime around January 2010.