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@ Hokie:
Regarding the credit, it is a bit of a shell game. Everything that I see now mentions the "classics." This means that SONY took public domain books and formatted them for their device, in their own format. While this does involve work and energy, it is nothing that I cannot do on my own, so it is essentially worthless. Since DMCA, inter alia, prevent me from getting copies of currently copyrighted material gratis, the $50 credit for the "current" titles is the only offer of value (to me).
@ Darkstar: Congratulations! At the very least, I know that this is not a scam. Happy reading, and again I'm glad someone gets to claim that credit.
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