Thanks to both of you for replying... especially for advice of Work Ex to be given more importance in
SOP 
I have got a quite a fair picture for test dates now, I'll plan it by Aug End-Sep Beginning timeframe to be on the safer side.
But Second Question is still giving me a tough time
@MDK
General Question - Are all MEng degrees more Industry targeted than MS ? Secondly, what is general perception of Industry towards this MEng degree, against MS ?
@RJT
Q1 - UP Institute - 1962 Founded - MMMEC, State Funded College
Q2 - Interships -
Research, Design & Standard Organisation, Ministry of Railways, Designed a train metrics simulation software.
BSNL - Software Intern.
Q3 - It was PSU, sorry for the confusion.
C1 - I can get another Reco from Prof. in college, making it 2A+2I Reco.
I have some money for admissions, so I would prefer to expand list of 5-3-2 => 6-6-3 just to get best out of this whole rigor.
Ambitious - 6
===========
Cornell MEng
CMU - PA
???
Moderate - 6
===========
CMU - West Campus (Visited it tomorrow, they have started Full-Time MS from 08, nothing like univ just an office with classrooms)
???
Safe - 3
========
SJSU (Silicon Valley Proximity)
???
Where should I place JHU, USC, UCSC in this list considering my profile ?
As per my preliminary filtering I have pointed out a few universities, which have some work-ex similar courses. I am not much aware of their Acad rankings, industry standings, funding options.
Please dont take this list as any final thing, they are just results of my surfing, and please be open for suggestions, especially Additions & Removals.
UCSD
UT-Austin
UT-Dallas
UArizona-Tucson
UColorado-Boulder
UPenn
UIllinois-Chicago
SUNY-StonyBrook
Ohio State Univ
NC State Univ
Arizona State Univ
Drexel
Iowa State Univ
Colorado State Univ
RPI
Thanks again...