Thanks for posting the reply Gixxerfied .. Sounds all right .. I suppose none of the shops give a cover in that case.. Mobilesquare mentions that explicitly in their FAQ section, "no warranty of any kind on export sets" as they write in their website..
Although I am still a little torn between waiting it out for a local set with warranty and getting it from Mobyshop as soon as tomorrow!
Lets see! I gave off my Nexus one to my brother 3 months ago, hoping this would come out soon, been using the HTC Hero since then and boy is it slow! hehehe