I talked to sony rewards yesterday about my order, and they said they have approximately 230 sony 500's that are either in stock, or being sorted out for shipping as per the deal. I was told it could take as long as 6 weeks for me to get the reader, but that I was in the group of 200 or so. I did not attempt to redeem the reader on the website, but rather, by talking to sony rewards. everyone was really helpful, and they knew exactly what i was talking about.
hamh--I second the motion to call sony rewards and talk to them about the deal.
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