^ Pretty much that.
The $100 discount on the mac is already taken off.
You do however need to pay the price of the iPod upfront. So here in NYC The $200 iPod touch with tax is $216.
If you want the "free" printer as well that's $100. With tax $108.
That totals to $324. The rebate only gives you the money back for the "face value" of the products. Which is $300. In turn you end up paying $24 for a printer and an iPod which really isn't that bad at all.