If you are going to Cingular, 850 is crucial... they are using 850 there (they *might* still be sharing networks w/ Tmobile which is 1900 only); if they are sharing the Tmo network and whenever integration is completed, your phone will be a dud since Cingular locks out roaming when native service is available.
maybe this thread will help
If you are going to T-Mobile, you can get away with a 1900 only phone, since Tmobile uses 1900 only. If you frequent rural areas, you lose roaming coverage on the 850 side. Try checking out where Tmobile uses 850 roaming here . If you dont frequent these areas, you'll be fine w/ a 900/1800/1900 phone