New AT&T red BlackBerry Pearl free offer for net $50 back to you

DealNews reports today of an offer by AT&T that after all is said and done, will equip you with a  red BlackBerry Pearl, as well as $50 spending money.

The offer, which is good thru June 2, is at WireFly.com. 

Here's the math:

$49.99 price.

$50 (OK, round it off) off if you sign up for a two-year plan with AT&T (a.k.a. Cingular)

Yes, I know that's $0.

The $50 back to you kicks in with the $50 Visa rebate you see here:

 Interested?