Have you been thinking about upgrading your old iPod Nano to a shiny new Touch? If so, then you may want to head to Toys R Us this week as select stores are accepting old iPods for trade-in credit towards the purchase of a new model. Customers can trade in up to three old iPods and each device will be appraised up to $100 depending on conditions such as model, functionality and overall appearance.

For a deal like this there must be strings attached, and on this one there are plenty. First off, the offer lasts for one week only, so you’ll have to get your devices traded-in by no later than October 23. Also, not all stores are participating, so you may have to call around to the stores in your area to determine who’s on board with the promotion and who’s sitting it out. The offer also isn’t available online, so don’t think you can do some sort of web-based trade-in, you have to actually go to the store. Finally, Apple itself is not involved in any way, so if you don’t like the price Toys R Us offers for your iPod don’t go crying to Steve Jobs, he doesn’t care.

In spite of the restrictions, this sounds like a potentially intriguing offer for folks looking to upgrade their iPod. If video game retailers like GameStop have taught us anything it’s that a lot of people love to trade in their old stuff for something new. Of course if Toys R Us massively undervalues iPod trade-ins the way GameStop handles console games then this promotion may not be as well-received as they would like, but if they offer a fair price we could see a nice spur in iPod sales this week.

Anyone planning to take advantage of this promotion? I’ve got a couple Nanos lying around myself and it would be awfully nice to transform them into an awesome new Touch. Anybody else thinking the same thing?

[via CNN]

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