Wait until December and demand cash instead of gifts then use that money on the new mini PS2. Do not waste your time on the old model which will self destruct in a few weeks if you get a used one.
Keep the GC and get the Gameboy Player.......if you need store credit take 8 of the lamest dvds you own to the local Blockbuster to trade in for the hardware and games. Then look thru the used game section of Game Rush and buy any or all of these games: Fire Pro, Final Fight One, Metroid Zero Mission, Castlevania Aria of Sorrow, Phantasy Star Collection.