I've been using WiFi calling on T-Mobile for a while with a work phone, because their service is terrible at my house. Our family using AT&T and we have a Microcell for that. So just a couple of thoughts for you that think this may be a great thing.
First off, this is only for calls... not anything else. I was using an Android phone and wifi-calling doesn't help you with texts. They don't work consistently if you have a bad signal. With an iPhone and iMessage, this is less of an issue unless you are communicating with someone that doesn't have an iPhone by text... and wifi calling doesn't help.
Someone asked about what was new about this vs. other wifi calls, i.e. Skype. This wifi falling is essential treating wifi as a microcell, so its through the phone/carrier, not via an app. So you can just dial the phone as normal and if there is wifi available it will use that instead of your carrier's tower. This is why you have to configure your address so that it works for 911.
Someone mentioned it not working outside the US. I'm pretty sure that I used it in Europe on T-Mobile and it worked. Did you see somewhere that it doesn't work outside the US?