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XP used copy

They are the same as on any copy of XP. If activation is required, it cannot be on more than one system. If it has been removed from the system it was "used" on - Microsoft will give you a new activation key.
 
If it's a full or upgrade version, then there are no troubles. If it is an OEM copy, then you will have to call MS to activate it, and they may or may not give you the activation key. They usually do, though, as long as you explain on the first shot that you are sticking to the rule of one paid copy for each working computer.
 
http://neowin.net/comments.php?id=27189&category=main

On February 28, Microsoft® will disable Internet activation for all Microsoft Windows® XP product keys located on the Certificates of Authenticity (COA) labels distributed by large, multinational OEMs.

Direct OEMs of Microsoft (large multinational OEMs that that have a direct signed license agreement with Microsoft) usually preinstall Windows software using System Lock Preinstall (SLP), which is a direct OEM?s method of legitimately bypassing Product Activation on behalf of their customers.

To reduce the illegal trafficking of these OEM product keys Microsoft will ?disable? the ability to activate these direct OEM Product Keys over the Internet. When a customer or reseller tries to activate using a Product Key found on the list of ?disabled? Keys, the online product activation wizard will instruct them to call Microsoft where a customer service representative can assist them further.
 
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