so the "upgrade discount" has been announced and you can get windows 7 home premium for $49 if you get the upgrade disc. from what ive read you can do a CLEAN INSTALL using the upgrade disc and activate win 7 using an xp/vista license key. if you bought your pc through dell or whatever this is straight forward. if you bought the full retail version of xp or vista, its also a no brainer....but here's my question:
i have 3 old IBM ThinkCentre pc's sitting in my garage with xp license stickers on the outside of the boxes. they are obviously oem copies that were pre-installed on the box itself. i dont want to install win7 on those and have no plans on using those pc's. HOWEVER what i want to know is, can i do a clean install of win7 on a custom built pc (new harddrives and such with no OS on them) and when it asks for a valid license key just put in the xp licenses from those OEM pc's?
how does the validation work? does it validate online before you do a clean install and like...record what kind of hardware you have

i dont know...i want to buy the $50 copies of win7 but theres no point if my oem xp keys wont work.