Get an iPod touch® when you:
open a qualifying KeyBank checking account online and enter offer code ONTS0711 by July 22, 2011, and
make at least 20 payments and/or purchases per month for 3 months after account opening, plus
make 3 direct deposits each of $500 or more within 3 months of account opening.
There are some additional details on the FAQ page. When you apply online, you have to enter your zip code. Not all zip codes are accepted and it appears to be only available in areas where they have branches.