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Didn't they offer $100 for PS3 trade ins the one time? Guess even Microsoft knows the 360 is less valuable than the PS3....

I kid! I kid! XD

Seriously though, it's a nice offer, but why would you give up a huge library of games for a much smaller one? If the Xbone had backwards compatibility, this would actually be an AMAZING deal. But it doesn't, so it isn't, at least from my perspective. It's something though, and certainly not a bad idea. The bad idea was not having backwards compatibility, but it's too late for that.

Come to think of it, why hasn't Nintendo tried this yet with the Wii? $50 towards a Wii U if you trade in your Wii would be awesome! It'd be an upgrade to the library instead of a downgrade, a way to cut the Wii U to $250 at a time when they could use a price cut but can't afford one, and would serve another purpose by getting the word out that the Wii U is indeed a new console. The average consumer still doesn't always know that. What are you waiting for, Nintendo?!?