Thanks Paul for this and the rest for their input. I got a Streak 00-EU unlocked from Dell. Bricked the phone the first time(1st stuck on Dell logo-2nd black screen forever), started reading up some pages and flashed the pants off the Streak with a cocktail of recoveries. Somehow when tryin to get back to stock 1.6 my Streak was unbricked and now i'm on 2.1.
Differences are awesome in this 2.1(i picked 8105), feels like how the phone is suppose to perform at the least bit. Only that now it doesn't show "3G" anymore for my local carrier(i'm from Malaysia), instead it shows "H" which i think stands for HSDPA. Googled it and i believe that "H" is actually "3G" in the EU, correct me if i'm wrong please.
Now on to superboot and rooting cuz i would like to change the O2 splash
Thanks again to everyone, especially Paul.