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The worst phishing email ever?

I received this email today.
Dear Commonwealth Bank client,
Because small length users equals almost no security due to the new encryption keys, Commonwealth will change its log on procedure. From now on you will login using your Maestro Card due to its 17 digits length. First time login you will be required your ATM Pin for verification purpose, a new password will be mailed to your billing address shortly after your first login ( 3-4 working days ).

NOTE: -First time login will be mandatory for all bank clients.
-After your first login and until your Maestro Card password arrive you will login to internet banking using your old Client Number and Password

Click here for first time login ( activate Maestro Card internet banking login ).

The Commonwealth Bank Team
Copyright © 2009 Commonwealth Bank Inc. All rights reserved. Designated trademarks and brands are the property of their respective owners.

It is hard to believe anyone would fall for it.

Firstly,  I would expect communications from the Commonwealth Bank to be written (or at least checked) by someone who had English as a first language. And secondly the link was to a site called childcareinc

Go figure.

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