Just in time for today's E3 press conferences, Microsoft and retailer Best Buy have come together to offer a promotion where consumers can earn up to $175 in trade-in value for the Xbox 360 or PS3 when trading in either console towards an Xbox One. Other retailers, like GameStop, have offered similar incentives when trading in towards new consoles, but Best Buy's latest promotion is offering among the highest trade-in value that we've seen in months (Gamestop offered $125 trade-in value back in April).

If you've been on the fence about picking up an Xbox One and waiting for today's E3 press conference to make your decision, now you've got a great promotion in place to help you out.

Check out the details from Best Buy's website below.

Trade In and Trade Up

Receive $175 toward an Xbox One console when you trade in a working Xbox 360 250GB or Sony PS3 Slim console at a participating Best Buy store.

Valid 4/26/15 - 5/2/15. In store only. Trade in any working Xbox 360 or PS3 console and receive a $75 coupon towards a Xbox One Console. Trade in a working Xbox 360 250GB or Sony Playstation 3 Slim and receive a minimum $100 gift card. Not available in all locations and some stores may have additional limitations. Console must include AC adapter/power cord, power on, not be damaged or have its warranty seal broken to be considered working. Not compatible with other trade-in offers. You are required to agree to the Terms & Conditions. No Dealers. Limit of 1 trade per person.

Update: Readers are pointing out that Best Buy's dates in the fine print shows that the promotion has expired. The image below is a screenshot for this week's "weekly ad". It appears to be oversight on the retailers end who, it appears, have forgotten to update the fine print after you click through to redeem the offer. Check out the ad page below.

Xbox-$175-weekly-ad