Yes, you read that right, a free Palm Pre, and no, it isn’t one of those “system errors” that we’ve seen before. Now, to get this great deal you have to act fast, the deal is for 72 hours, but to nab a free Pre you have to paired PhoneCashBack’s deal with Walmart’s own $100 mail-in-rebate, which expires today. So you can only acquire a free Pre if you order today.

You probably read our post on the $80 Pre from Walmart, which is a great deal nonetheless, now PhoneCashBack.net have teamed up with Walmart/LetsTalk to make the deal even better. And yes, you have to be a new Sprint sub, sign for a two year contract, and go through the cursed mail in rebates (unfortunately no one can save you from those), you also have to fill out a cashback rebate form and enter a special coupon.

After all that, then you’ll see the Free price tag on that Palm Pre. Is not easy, we know, you’ll have to go through a few hoops, but hey, a free phone is still a free phone. Right? Now you probably are looking at the image above thinking, that’s not a free Pre, it is $54.99. PhoneCashBack has offered a step by step set of directions which should make the process a little easier to understand and to get the free phone.

Here are the links and directions to follow:

We’re doing something never done before. We’re going to enable you to get a Palm Pre for free after rebates and cashback. It’s simple.

Step 1) Click this link to buy a Palm Pre from LetsTalk. You must click that special link, or no cashback for you.
Step 2) Use coupon code 25RAFPCVER1 at checkout.
Step 3) Fill out our cashback request form. We’ll give you $54.99 in cashback, the after-rebate price.
Step 4) We’ll get your cashback out to you before the mail-in rebates arrive. It’s that simple.

Combining cashback and rebates to make Palm Pre free. Oh, and LetsTalk is throwing in a free charger and bluetooth headset.

We’re going to test this out for 72 hours, so you must submit your cashback request by 5 PM Pacific on September 30.

There you have it folks, if you were on the fence about buying a Pre because the way the economy is, well, you have no excuse now.