This offer ends May 16th. But its legit. Microsoft even has a reference to it on their site. This is $680 of software at a 91% discount. But make sure you're carrying at least half a credit course load, because if you're lying Microsoft will retroactively bill you for the remaining $619.

http://www.microsoft.com/education/ultimatesteal.mspx

Quoted: College Students Seize the deal! Download Microsoft Office Ultimate 2007 for just $59.95. Microsoft Presents The Ultimate Steal Student Discount Microsoft Office Ultimate 2007. This Microsoft Office Student Discount on Ultimate 2007 Helps College Students Save Time and Money. Microsoft Office Ultimate 2007 Student Version From The Ultimate Steal.