T&Cs don't mean squat when you're dealing with a monopoly. They can put any sort of consumer-unfriendly terms they want in there and then say "if you don't like it, you're free to go to our competitors" of which there is only one and they are colluding.
http://www.wolframalpha.com/input/?i=50Mbps+*+%28seconds+in+...
A 16TB data cap would be realistic and reasonable.