The Defy's price has dropped to 14.3k (using coupon on letsbuy), with a free headset whose price is: (MRP=1290, letsbuy price= 800).
This is a very good deal for a very good phone. It is well worth the 4.9k over the XCD35, since it is better in all ways you can imagine (screen, audio, community support, CPU, GPU, camera, ruggedness, internal memory etc...), maybe apart from after-sales service (not an issue, Moto's service should be decent too), and SAR value(also not an issue).