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I'm not sure exactly how long the sale price is good for but there are a couple things you should consider. 1. You will save $200 off the front end if you sign the contract with Verizon, however at $20 a month to keep the iPad in service you will end up paying that money back to Verizon. 2. If you cancel the plan early you will owe Verizon up to $350 for cancelling early. If you need the cellular service and will be using it for at least two years then i would say its a good deal but if not you might consider just paying the $200 out of your own pocket.
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