The amount of confusion threads posted about this is a sure sign it should just be changed already.

Its also redeemable on non-new accounts by virtue of the fact that you can apply the code they email the newly registered account to your existing account.

Its not worth it. But a nice thing for a genuinely new player.

Added more info to my post before yours.

The problem is that the promotion gives no details on what the exact type of torpedo launcher is either.

Players probably look at that and think they can just log in and get a free max level launcher or something I'm guessing. Hence the confusion.

What no free MKII Torpedo WTF /Rage Quit