Is this a good offer - datacard?

I cant have a phone line in my flat, so wish to try and use either my 3g phone with my laptop, or a datacard and my laptop.

Is this a good deal? If i dont get the cashback it would be to much of a problem since its the same price as it is in the t-mobile shop anyway.
£4000 in 2011 - £48.88/£4000
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