Is this Reader's Digest letter a scam?

I’ve gotten a letter in the mail from Reader’s Digest claiming that I’m a potential draw Finalist.

To “triozoo” (insert my real name)
On December 30, 2010, with the release of this document, I am pleased to inform you that you, Triozoo, are a potential $250.000.00 Sweepstakes Finalist. The Reader’s Digest Finance Department stands ready to notify your bank in (current city I’m living in) of a substantial $250,000.00 deposit to the Zoo account, should you become our Grand Prize winner. In such an event, we could work with your bank to ensure you will receive any needed assistance in the disposition of winnings.

Rest assured, prize funds are reserved and a $250,000.00 Grand Prize payment to the winner is guaranteed. The particulars of any prize transfer in your name if declared winner, would be held in strict confidence.

Official entry documents to secure your $250,000.00 Finalist Status are now on the was to—(my address) . Please check your mail carefully. Within 5 business days you are scheduled to receive a yellow envelope identified by “TRACKING REF . xxx”. Upon recipt do not delay!

Be sure to follow all instructions outlined in your documents and reply by the stated deadline.

signature
Kim MacNicoll, Reader’s Digest Corporate Controller

P.S Payment to the winner confirmed. Please keep the Authorized Prize Guarantee for your records.
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Attached to this is a coloured ticket certificate with my full name. I’ve just receive this letter today, Jan 10/2011, in the mail and is curious to see if this is actually real.

Senders address
1125 Stanley Street Montreal OQ, H3B 5H5

I usually don’t fall for such money grabbing promotions but the chance of winning this money at this time of the year would be beneficial for me and my family, school debts etc.

What do you think about this Fluther? I’m well aware that I havent won anything yet and this is only a chance at winning. They have not asked for any of my personal information such as my credit card number or social insurance number.