This link has a nice rundown of why RC4 is no longer recommended for SSL/TLS: http://blog.cryptographyengineering.com/2013/03/attack-of-we...
Basically:
"According to AlFardan, Bernstein, Paterson, Poettering and Schuldt (a team from Royal Holloway, Eindhoven and UIC) the RC4 ciphersuite used in SSL/TLS is broken. If you choose to use it -- as do a ridiculous number of major sites, including Google -- then it may be possible for a dedicated attacker to recover your authentication cookies. The current attack is just on the edge of feasibility, and could probably be improved for specific applications."