Want an iPad, but can’t bring your self to plunk down all that money? Got a ton of CDs, DVDs or Blu-rays sitting around you want to get rid of? iPodMeister has the solution for you.

Since 2004, iPodMeister has been taking trade-ins on various physical media for iPods and iPhones, but with the release of the iPad on April 3rd, the company will start doing the same with the new tablet computing device.  The CDs, DVDs and Blu-rays must be original copies and include all of their inserts in cases, but beyond that, it sounds like a fairly good deal.

The company pays for shipping both ways. however, you are going to need a truckload of CDs laying around to get the device.  Here is a chart of what each version costs, the second column is if you want the company to convert the CDs to MP3s for you:  (warning, we’re not sure on the legality of them converting CDs for you that you traded away as some judges have ruled it is only legal to do this if you have the physical CDs in your possession as well)

If you send in Blu-ray discs you get double credit, and each disc of a multi-disc set counts as one (i.e. a five disc set counts as five).  No porn, no garage bands or compilations you made and no scratched discs.

While we have been down on buying a first generation iPad, we have to admit this offer is tantalizing as it is a great way to clean out part of your life.  If you have tons of CDs laying around, why not turn them into something you might actually use?