I have my 70-300 VR now!! Thanks to all your feedback and opinion.
I took it out today on my first birding trip (Lalbagh)... and spent some lovely time with it. Didnt see too many birds.. saw the black kite, pond heron, purple moor hen, white breasted kingfisher, common egret, mynahs... all the common ones.
I got a few good shots. Esp I like this black kite shot. The VR on this lens is really very good and works like a charm.
Camera : Nikon D90
Lens : Nikkor 70-300 VR
Exposure: 1/2500 sec
Focal Length: 170 mm
ISO Speed: 400
Exposure compensation: +1/3 EV
White balance : Auto
Did some pp in GIMP.
Please let me know your opinion on the shot. I have a few other shots from this trip on my flickr account.