Is this email legit?

Subject: Effective July 1st your credit info will no longer be
>confidential...
>
>
>
>Subject: Effective July 1st your credit info will no longer be
confidential
>unless you opt out! Your privacy is at risk!
>
>
>
>Just wanted to let everyone know who hasn't already heard,
>the four major credit bureaus in the US will be allowed, starting July
1,
>to
>
>release your credit info, mailing addresses, phone numbers, etc., to
anyone
>who requests it. If you would like to 'opt out' of this release of
your
>info,
>you can call 1-888-567-8688. It only takes a couple of minutes to
>do.
>Once the message starts you'll want option #2 (even though
>option #1 refers to this E-mail) and then option #3 - Be sure to
listen
>closely, the first option is only for a two-year period.
>Make sure you wait until they prompt for the third option,
>which opts you out forever.
>I received their paperwork in the mail confirming my
>'opting out" within less than one week of making the call.
>PASS THIS MESSAGE ON TO ALL IN YOUR ADDRESS BOOK AND YOUR
>PERSONAL FRIENDS who aren't even on a PC........
>Mike