Hey
agarwal10,
Welcome to Gmat Club.
My 2 cents
No one answer the question better than you yourself.
EEOAlthough I am not conversant with the EEO Application process but 2 weeks seems a little less to prepare for applications. Academics might make up a significant portion of the application but other aspects like Leadership qualities, ECA, etc etc
Also, Since you are from the most competitive IT Pool, you might have a hard time explaining the transitioning from you current role to you post-MBA role.
Regular ApplicationsYou will get more time to work on your profile and application.
You can work on developing your profile.
As far as competition is concerned, ISB tries to pool applicants with similar amount of Work-Experience and keep a healthy mix in terms of Work Expeirence.
If you think, given more time, you can develop your profile, my opinion for you would be to apply in the regular round!
And to judge, you can post your detailed profile on the master profile evaluation thread for ISB, professionals can guide you in a better way!