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Yes, you get the ecoupon within a few days, and can use it right away; I haven't even sent in the trade-ins yet, but bought my daughter a 350 last night with a $50 ecoupon I got for a augen the book I paid $89 for but never used (should have returned). I also got an ecoupon for $50 for an old tracfone I couldn't sell on ebay for $5. I also got $30 for a 2nd gen ipod touch with a broken screen, dead battery. The unit was non-functional when we replaced the battery so I was going to throw it away.
You cannot combine ecoupons, or purchase gift cards with them. I don't know about using them for books on the ebookstore; I'll be researching that next.
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