Guys
On one of the other forums I saw that a person's app was rejected by Cranfield in mid feb since they had already received a lot of apps from that demographic. But after that, I did see a lot of candidates with similar demographic info get admitted. So this leads me to believe:
1) Cranfield has unofficial demogrphic quota - just like any other bschool
2) Even if the quota is reached they still read your app and if you are an outstanding candidate they select you for an interview.
3) So you got to market yourself effectively
Considering that Cranfield hasn't updated their website:
Buff - I would suggest that you finish your app ASAP and submit it. Since Cranfield hasn't officially closed their app cycle they would hopefully process your app. Being from NZ I think it would add to the diversity factor.
Amit - Similarly, give it a try. Don't get discouraged. Hopefully they would read your app and call you for an interview.
Look at the bright side - If it doesn't work out (I hope it does work out for you guys) you already have your application prepared for 2010 / 2011 batch.