[MicroBob]

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This means I would generate abut $10k in rake to earn a $2k gift card so about 20% rakeback

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Wow.

Looks like you did the math correctly to me and 20% rakeback ain't half-bad.

Also consider that if you keep playing on you will get an even better percentage (it won't take another 43k hands to get your next dell certificate once you are already supernova).
So the more you play the higher your value gets...perhaps up to 25%-ish or so with lots of play.

Also the occasional reload bonus that I'm assuming they will still offer (although perhaps not).

And also the value of all those freeroll tourneys in there should you decide to take part in those (and possibly other deals and value that Stars gives along the way)