A NeoGAF thread reveals a bold initiative from Microsoft whereby they'll knock $100 off the price of the Xbox One for any consumer willing to turn in their old PS3 system. The ad, which is reportedly from the official Microsoft Store, lists a number of terms and conditions related to the trade-in deal:
The promotion will run from Jan. 23 - Feb 28 and is only available through retail stores in the United States and Canada. Customers are limited to only one trade. The PS3 the consumer is turning in must be in working condition and "without broken/missing components, cracked display/housing, or liquid damage." The system also must not be password protected and should include the original chargers and accessories that come with the PS3.
Obviously the promotion requires the purchase of an Xbox One at the time of the trade-in. The terms and conditions also state "to receive maximum trade-in value, you must purchase an Xbox One at the same time" and that "any appraised value will be determined at trade-in and provided as store credit."
The advertisement is not currently visible online at Microsoft's retail store site and Microsoft has not publicly commented on it.
We will have more on this story as it develops.