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Currently the Web 'n' Walk day pass is charged at 0.73p/kb up to a cap of £1, with a 40Mb per day transfer limit, according to their fair use policy. (pdf backup).
So if you download 10kb and no more, you only pay 7.3 pence. Once you reach the cap of £1 (around 137kb) you pay no more data charges until the next day.
According to T-Mobile customer services this will change on July 24th 2007. From that date, ANY data transfer will result in a £1 "day pass" charge being added to your bill. This is not much of problem if you actually planned to do some browsing, since you would have quickly hit the £1 cap anyways. However many phones have a default, easy to trigger shortcut key to the web browser.
This change seems aimed at penalising all the people who accidentally launch the browser and only download 1-2K of data. Pretty sneaky.