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sounds like a great deal!! has anyone actually used these coupon/codes and have it work?! i'll attempt it shortly. please post if you've gotten them already! thanks! 
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i received mine within a weeks time. the pictures looks great, but then again, they are from a 3.3 megapixel camera (s20) uploaded at full resolution. i love the way they let you enhance the photographs w/ borders and such - a DEFINITE plus! I ordered 102 4x6, 4 5x7, 5 wallets and 2 8x10's all for the low, low price of ... *drum roll* ... $5.39! Not bad if you ask me.
The only downside is that on the back of the photographs, is a little advertisement for shutterfly. nothing outrageous and not particularly harmful, especially if you plan on putting them in an album where no one will ever see the backsides.