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And even if or when it does come to pass, I am quite sure the rates will be higher than you would want to pay, both inbound and outbound.
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True enough, and I'd use my local SIM in most places. However, having people be able to reach me at a U.S. number when I'm in Europe would be very useful, especially for work and job applications, where I'd be willing to pay over the money. I've noticed that a lot of folks in the States refuse to call overseas, now matter how cheap, or their company prohibits international calls, or whatever. I'd never get a contract phone as I'm outside the U.S. most of the time, but without international roaming TMO works only as a voicemail service.