AT&T to T-Mobile, iPhone 4S, USA... Good idea?

I'm currently an AT&T subscriber, but am not working full time so I need to cut some expenses. It looks like T-Mobile has some of the best deals, but I have heard I will lose some functionality with my iPhone 4S (MMS for instance). Is this still the case?
Oh, and yes, I have already had my phone unlocked by AT&T.
Thanks in advance

Thanks!!! T-Mobile actually has great coverage in my area. In fact, I had T-Mobile prior to moving to AT&T and if anything, service was even better. But if AT&T has some cheaper offers, I will definitely check into my options. Good info!
Just to have my ducks in a row before I call though... Have the issues with MMS, etc. when using an iPhone  on T-Mobile been rectified? Or is that still an problem?

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