I also have Wachovia, Bitt, but I haven't gotten that email. I did find this on their website, though:

"Fees For Personal Accounts
Online Banking access through Quicken®, QuickBooks®, or Microsoft® Money: $5.95 per month, following the three (3) month free trial period after your enrollment date for new enrollees as of 2/1/2007. Existing customers using the service will be assessed the $5.95 monthly fee effective 4/1/07.*"

I believe I'm going to begin the process of looking for a new bank as well.

Thanks for the heads up.