updated"...retail customers who purchase one Eligible Lens together with a Qualifying Camera and Qualifying Lens [get] the benefit of Instant Savings...in the form of a retail price reduction in the amount of $100 applied to the Eligible Lens at the time of purchase." What, the Marx Brothers are writing NikonUSA promotional copy now?
Here's the English-to-English translation: buy a D40, D40x, or D80 body with (almost) any lens and you get a US$100 discount on the 55-200mm (either model) or 70-300mm if purchased at the same time. Even if that 55-200mm or 70-300mm happens to be part of a two-lens kit, you get the US$100 discount. Update: the ads Nikon is using to describe the promotion are clear and use better language; it's only the PDF on the Web that's got the jumbled legalese.