Profile Evaluation - European MBA - Please Help

Thanks for the great advice you have been giving. I have read many of the profile evaluations over the past few months....hopefully I can get some of your help now.

Basic Profile
Male, America, 26 years old
3.3/4.0 GPA in Mechanical Engineering from a decent Public University in Ohio
3.7? in final year of the program
GMAT-640 (Q-44, V-34, AWA-4.5)...plan to re-take next month with a goal of 680
3 years of experience in Automotive Design

My History
University:
While in university I did 2 internships (6 months total) within the manufacturing division of a major Japanese automobile manufacturer. The following summer I moved to Germany for a 6 week internship in a plastic manufacturing plant, this trip opened my eyes to international culture and business. In 2002 I secured another internship (7 months) at the above auto company but this time moved up into the Research and Development side of the business doing body design. As an undergrad engineering student I was engaged in many clubs and organizations such as: Society of Automotive Engineers (Project Leader), University Auto Racing Team, Two mentoring programs (Big Brothers Big Sisters, etc), Leadership Seminars, an Engineering Honor Society and was selected to be part of a new Student Advisory Panel.

After graduation:
3-months traveling around Europe and Turkey...then...
Returned to the auto company where I had done the internship and worked in this department for 33 months doing design work. Achievements include a few department firsts (can't discuss here), training a new employee into a highly sought after team member, managing 1-3 contract manpower for short periods of time, saving XX,XXX dollars with a new "blank" "blank" design, etc. During this time my extracurricular activities included 10+ hours per week working on an auto racing team, working with my alma mater as a member of the mechanical engineering advisory board, and playing/coaching Ice Hockey. I don't know if ad coms would care but I was a driver on the auto racing team which requires tremendous self control, emotional intelligence, etc...maybe this will help me stand out a bit.

Another part of my current situation is that I'm unemployed right now (by choice). I left my design job to travel around the world, study the Spanish language and experience new cultures. I spent the last 5 months in South America and once my applications are finished I will be headed to South East Asia for a few months. After the initial internship in Germany and post-university travel I have been very passionate about international culture. I'm not rich....I worked hard at my career for 3 years but I lived as if I was a student in order to save up for the travels and language courses.

Target Schools (all international)
1)INSEAD
2)IE
3)ESADE
4)Cambridge?
5)RSM
6)LBS?

While in one of these international MBA programs I plan to do an internship in consulting and an exchange program to either Asia or back to my home country of the ol USA.

Post MBA Plan:
The above mentioned combination of experiences has led to a strong desire to move into broader based business functions such as project management, corporate strategy development, and international business.
Possible short term goals involve (working on essays now: work in progress):
1) Product Planning (maybe auto industry).....leaning toward this option
2) Management consulting (for one of the big firms)
3) Strategy Development
4) Something relating to the travel industry

My long term goals (~10 years) include leading community development programs in third world countries. I would like to do this firstly on a part time basis and then with increasing frequency as I grow older and become more financially secure.

Questions
I think I'm a bit of a stretch for LBS or INSEAD but I also think I've got a really good shot at IE, RSM or ESADE. What do you think? I'm planning to apply to these programs (some are on rolling admission) by the first week of March. I will retake the GMAT mid February. Should I focus a lot of energy on studying for the GMAT or just worry about nailing the essays and working with my recommenders?

Also, what do you think about my extra-curricular activities? Interesting enough? Sufficient? What do you think about highlighting my racing activities (auto racing has been a passion of mine for awhile and a major part of my life over the last 3 years)?

Backup Plan
If I don't get into my school(s) of choice I will look for a job and apply to some US schools next year (too late this year) and make sure to do a study abroad program to help me break into new markets and develop an international network.

Any insight you can give me about my profile would be greatly appreciated.

Thanks again.