We can confirm (via TSA) that GAME will be going ahead with the scheme. Those of you who trade in 40GB PS3s can get a new Slim for £119.99. Likewise, trading in an 80GB will get you a Slim for £109.99 and an original 60GB upgrade will cost just £99.99.
It sounds like a pretty decent deal to us (unless you have an original 60GB). Anyone going to do this?