A T-Mobile employee confirms that "My Faves" does not require a special phone or a two year contract:
You can, however, switch to a MyFaves account via the self-serve account management options on t-mobile.com.
Finally, managing the MyFaves interface (where the five favorite numbers are designated) is typically done from the start screen of a MyFaves enabled handset. If you are using a non MyFaves phone, you have to designate your faves through t-mobile.com. Not a big deal, really, but it's the only way you can do it. So customers without internet access are out of luck. then again, how would such people be reading the consumerist?
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