To my reasoning you are talking about the condition of the item, not weather it is new or not.
There is a car dealer here in the metro Atlanta area who has a new, untitled car from the 70's in their showroom. You can tell it is about 40 years old, but it was never sold, so it is new. If you buy a new 2011 car and have it titled in your name it is not new anymore even though the condition is far superior to the new car in the showroom.
If you have a sealed package, you could say "LNIB, never opened". When I see LNIB, I expect that the item has been inspected and not only has it never been used, it is free from obvious, or known defect. I don't expect that when buying NIB from a dealer. I mean I expect to get a new, free from defect product, but I understand that most dealers never look in the box so sometimes you get a dud and have to send it back.