Here's some small print you can't find on the website (i think its still worth it though...)
-Offer expires 7/31
-You have to deposit $1,000 by 8/30 (7/31 for in-the-branch openings)
-Within 60 days of opening the account you must make 1 direct deposit, 2 electronic bill payments or 5 debit card purchases each month, and only 120 days after that will the points be deposited in your account (and you'll have paid them $60-$70 in fees by then)