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Rumor: Your money is no good for GameStop reservation [update 1]

NeoGAF points us to a clearer version of a blurry poster floating around the net regarding pre-orders at GameStop/EBGames for the Wii and PlayStation 3 purportedly starting this Monday, September 18. The catch? Well, the catch is that "cash and store credit will not be accepted." The only way to make the reservation is to trade in $50 worth of used games -- which inevitably ends up being a real life version of Deal or No Deal at the register -- and will actually end up costing you $150 to $250 worth of games.

After calling six different GameStop stores in six different states, nobody knew or could confirm the poster. The best information we got was from a Manhattan store which said, "We can't release that information."

The super fine print at the bottom allegedly says: "All trades must be in working condition and are subject to manager approval. As GameStop cannot control production and shipping issues by the manufacturer, the reservation deposit will only guarantee a spot in line when the PlayStation 3 or Nintendo Wii becomes available. The reservation deposit does not guarantee receipt of a system available to purchase by Christmas."

We've contacted GameStop corporate and will let you know what we hear.

[Update 1: According to reports from Go Nintendo and Gamers Reports, the program is indeed true for stores in Hawaii and Guam. The program is purportedly being tested before a possible expansion into other territories. We're still awaiting an official response from GameStop corporate.]

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[Thank you to all those that sent this in]