Incorrect for a few reasons
(1) This has been up since October 6 and they have not updated the post since, so just outdated information [That screenshot was taken a few minutes ago. It is not "outdated" information. It is what AT&T is advertising as I type this.]
(2) This phone is not for sale or even pre-order, so no money is being exchanged and no one is being taken advantage of. [Straw man argument! So, a car dealer can advertise "free gasoline for life" and because the car isn't yet available that is fair advertising?]
(3) Bait and switch implies that AT&T is purposefully deceiving customers to scam them, of which there is no evidence. [I can't blame AT&T for advertising what Microsoft is telling them, but MS obviously knows this is false information yet they are still allowing it to be put out to the public. That is bait-and switch since they know they are advertising a product and service that they will not deliver.]
(4) You guys need to get better at arguments in forums/this is dumb/quit acting like victims. [You need to get better at not insulting your readers with your lack of analysis of important developments that you are writing about. Instead, why not ask AT&T if this is a special offer that they will stand behind?]