In an effort to quell user complaints about the company's high "equipment recovery fee" (in addition to T-Mobile's early termination fee, nonetheless), Google has dropped the fee from $350 to $150 for those that cancel their contracts in the first 120 days. That being said, that's still $350 total to pay to Google and T-Mobile ($150 and $200, respectively) - still too high, in my opinion. The move comes after the FCC sent letters to the nationwide wireless carriers and Google, probing them for more information on their early termination fee policies.
Via Phone Scoop