Since this was really never answered, I too am wondering if fast dormancy should be enabled or disabled. When asking in regards to shishir's rom if fast dormancy was enabled he said, "Yes it is! And it's supported as long as you're on AT&T." However, LiLRom's 1.3.1 changelog states "Fixed Fast Dormancy build.prop since AT&T doesn't use this."
Now I've googled and haven't found any concrete answers as to whether AT&T even supports FD...
Did a little research and located this interesting bit of info from an AT&T document pertaining to "network ready" emerging device guidelines...(things AT&T requires for any device specifically built to run on their network)
Fast Dormancy is a concept that applies to 3G technology that AT&T employs
which, if incorrectly designed, could generate increased signaling traffic on the
network and add latency to the user.
Fast Dormancy allows a device to quickly move from active state to an idle state.
While there may be battery saving benefits, a well designed fast dormancy
algorithm should consider applications that are active, display status and user
action before initiating fast dormancy.
Fast Dormancy should only be used for PDP Context serving non-real-time
background applications for which activity is not real time user interactive,
closely spaced. Such applications include e-mail, visual voicemail, etc. Additional
information is provided in the AT&T requirements document, 13340.
...what I gather from this is that; yes, it seems they do support FD.