vinayrsm
Well, only I know how methodological I am in my prep

One thing that I remember reading before starting my prep (I think it was a tip from bb) was not to start off with OG and keep that material once you are good enough in each area. Still I did some questions from OG after a couple of weeks of prep to feel the questions and since then I have not touched them particularly for Verbal - only did the 4 RC passages based on suggestion from you and Akhilesh mainly to understand the difference. I have been focusing on completing SC Grail, RC99 and
MGMAT Question Banks before I move to OG 12 questions. I think once you start OG it is not wise to then do any non-standard material (Akhilesh mentioned this earlier I guess) because then you indeed dont want to get distracted by poor or unrealistic content. But before I start OG (which I think is still 2-3 weeks away for me), I want to develop a natural reaction or habit to different types of questions in SC, CR and RC.
That looks methodical to me

I think you are doing the right approach. Good luck!
I became active on forum recently. I joined early but never read anything. My friend suggested me few things and that's what I started working on. First thing, I finished
MGMAT 3 verbal books. Then started working on OG. But since CR and RC didn't improve much after
MGMAT books, I had to pick up other resources, such as Powerscore, and now doing OG 2nd time.
Now I think I can see through these verbal questions pretty well. I think I just need to work on my emotional side and work more on the timing. Hopefully with practice it will come by.
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I will only take my GMAT in 1st or 2nd week of Sep, so I have a bit more time than you do. I will apply next year for the program starting in 2013. I will update my profile soon.
Are you looking for Exec MBA or PT or FT?
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For RC practice - have you used
MGMAT question bank? Also, I read somewhere that Kaplan's question bank is good for Verbal, may be check out its review.
No, I have not used them yet. Are they good? I planned on using them later this week or next week.
I did Kaplan's SC (all 3 Question banks) and CR (had done only 2 so-far). I have not done their RC yet. I think Kaplan banks are good. They give you good practice under the time constraints.