I think the terms for the Sony $150 rebate is the puchase of a Sony item over $300 from EITHER sonystyle.com or from their SONY STYLE stores.
I upgraded my 500 to a 505 from a Sonystyle store using the new Visa card and got the $150 account credit in around 2 weeks after my purchase.
Last month, the rebate was $150. I think it is now $100 -- need to confirm from their website. By the way, I sold my 500 on ebay and used the proceeds toward this purchase.
I love the great screen contrast on the 505! After comparing it to the 700 at the sonystyle store, I canceled my 700 preorder and bought the 505.
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