I reckon this is an amazing deal.
Make sure you select click and collect on the website when you preorder to get this offer.
Preorders commence online on 22nd September
Alternatively, you can get the Series S version for $299 when you trade in your Xbox One S but no one would want a stovetop.
EB world is eligible for this offer so if you are on level 4, that’s $420 off the console price itself
Note: Confirmation from EB Games rep If you place an online preorder for collection in store, you don't have to trade in until release day. Which means you can secure this deal and still use your Xbox One X until release day.