I bit, and I might actually use the account.
They offered me $200 for opening the account, and 12,000 bonus miles for setting up direct deposit and what not. Linked to the C1 Venture card, these "miles" are the same as the ones I got with the credit card. So, total of $320 for signup + direct deposit, not bad.
Now, with the offer I signed up under, I get something like 20 points for each debit card transaction, online bill pay and other transactions. So I might actually use this account for bill pay and small transactions.