I just want to let everyone know that this is definitely real.
Went to best buy yesterday (Wichita, ks) almost on a whim (mom and I were eating near it and I happened to remember this thread-- she of course was interested in the free iPod).
Walked in, asked the first associate I saw about iMacs, studen discounts, and free iPods. He left to check with his manager. When he returned, he said that I just had to log on to my school's website and show him a schedule to prove I was a current student. Did so.
Ended up with a 2.66 24" iMac--which was actually $1379 because best buy had them on sale cheaper than the student discount already--and a totally free iPod touch.
This is probably the best deal going right now (especially since the computer was actually less than what it costs in apples education store), I highly recommend you check this out