Everyone’s favorite gaming retailer, Gamestop/EB Games, will be offering a trade-up program for the Xbox 360 Elite. You get trade-in credit for an Xbox 360 Core or Premium as well as an original Xbox.

For the Core 360, you get $200 trade-in credit. For the Premium, you get $250. You’d think all the extra premium stuff would be worth more than an extra $50. Anyway, you will also get $50 for trading in your original Xbox. Personally, I’d say keep that original Xbox and mod it to run Xbox Media Center.

If you’re looking to get rid of your current 360 for the new, more powerful model, this isn’t too bad of a deal. I’m going to wait it out and see if Microsoft fixes the VGA output issues on the 360.

More pics after the jump.