Thanks! Well I'm flying back from London to Pune reaching in the wee hours of xmas (Fri) morning... so I guess it will be next weekend when I get to play with this...
In the mean time googling for "crucial m225 ssd review" should get some info... I am trusting comments from reviewers like Anandtech/CodingHorror etc saying "this is the best upgrade you can give your PC" etc...
It's basically an IndiLinx Barefoot controller drive and apparently has good pricing. Current firmware has TRIM support but potential write-perf problems which Crucial will release a fix soon. Plus "GC" support also "coming soon" in another firmware update.
Didn't get Intel coz 80gb/160gb size were too small/large for me plus was wary of the slower write perf - I will multiboot Win7 (80gb partition) along with 2-3 Linux installations so 128 gb is about right for me.
I think you can get this for maybe 20% (Rs 5k) cheaper from US - silly me, a coworker was flying in from US and I forgot to ask him

But strangely prices seem same with a casual look on newegg.com... (forum threads talking about coupons from Bing etc for discounts).
But really, anyone willing to wait, probably end-2010 should be the best time to buy an SSD guessing more mainstream/stable technology and higher performance with better affordability and local warranty support... if this thing has problems I will be stuck with a Rs 23k paperweight...
In fact, if someone wants to really get one of these in budget right now, get Kingston 40GB (little slow read/write but under Rs 10k) or another 64gb/80gb model (Rs 15k or less maybe) and you can squeeze in a Windows plus Linux dual boot