Though I would typically agree. If you sign a contract even if it includes you losing your life if you don't live up to it, then it is binding.
However, I do agree 100% that this lawsuit has brought many good changes to the industry. Changes that would have NEVER occured if left to the monopolistic companies.
These companies are charging these fees to retain customers. It has very little if anything to do with the cost of the phone so that argument is getting old. Phones cost to customers are inflated because of this type of thing. If they were sold in an open market and can be used on any carrier they would be pennies on the dollar compared to their price now.