Buy A Cellphone... Make $75 Profit?

Hmmm... Looks like I can just buy 10 of these and make a quick $750. Well, maybe just $75. Anyone want to try? You don't actually have to sign up for the 1 year contract if you don't use the phone. Just buy the phone and it can hang out in your house as an emergency (All cellphones, even if de-activated, allow you to make 911 calls). I found this on DealMac.com:

Motorola V551 Bluetooth Video Cell Phone for $75 "profit" (10:12 am) Amazon.com offers the Motorola V551 Bluetooth Video Phone from Cingular for $74.99 with free shipping. A $150 mail-in rebate slashes it to a profit of $75.01. ("Profit" excludes the cost of the plan.) That's tied with our last listing for the lowest total price we've seen. The V551 is a quad-band GSM phone that features an integrated digital camera, MP3 ringtones, speakerphone, 3.26-oz. weight, 0.91-inch thickness, USB port, and 176x220 color display. A one-year minimum service agreement is required. Rebate expires March 23.