Consumerist post on what this is:

Zombie Retailer: CircuitCity.com Reborn As... Circuit City!

Let's compare the policy to NewEgg's.

NewEgg generally lets you return an item for either a refund or replacement. Not Systemax. They reserve the right to refuse all returns, and if they do take back your newly orphaned product, "such returns will be for store credit or refund at CircuitCity.com's sole discretion."

NewEgg also replaces software and accepts for return unused consumables like printer cartridges. Systemax does neither.

And don't even think of returning anything from "Compaq, IBM, Hewlett Packard, Toshiba, Epson and others." Their products are "not returnable to CircuitCity.com FOR ANY REASON."

Circuit City may be a "proud brand that America has grown to count on," but this isn't Circuit City. It's Systemax. Before buying, shop around and make sure you understand all the new policies.

(And no, you can't return things from the old CircuitCity.com.)