Just received my PC Rewards Visa today. It doesn't say Visa Select but does have Visa Signature at the bottom corner. When I called, CSR confirmed the 80k points, no fee first year, then $49 and one night certificate. He also said I would receive Platinum Status from PC once my lst statement closes.
However, when I read the brochure with the PC card today, it states Gold status.
I used the lst link from the Milesbuzz forum under 80k PC card thread.