QUOTE (Tanegar @ Aug 18 2011, 10:38 AM)

For a given value of "valid." You really think letting magicians raise their current Magic for the low, low cost of an initiation is kosher?
That is not what the 4th Edition rule allows though. It allows the trading of a Metamagic Technique for acquisition of a Power Point. In 3rd Edition, it allowed the same thing (IIRC, it has been a while, admittedly, and all my books were stolen at one point), but because you got a Magic Point automatically with initiation, you netted 2 PP in the process.
The "Valid" I was referring to was to point out that the Rule Did Exist in 4th Edition as an Optional Rule.