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Has it been done? It's not like they trick you into doing it. You get two options, wait two weeks and get it completely free, or you can put in a security deposit for the price of the console, and then get it back once it's verified that you sent it in. Also, you're looking at UK prices, you'd be paying the standard price of the console. I don't see any problem, if you can part with some money for maybe a week or two and you want it immediately.