Hi Wongee,
IMO these kind of problems appear on the CAT(an Enterance exam for India's premier Mgmt Institutes, the IIM's), the Quant level of this test is much tougher that the toughest problems on the GMAT. So IMO we should not be expecting such a problem on the GMAT, coz these problems cannot be tackled by improvisation (that too in 2-3 mins),they simply need a higher level of preparation, also I've read on several posts here & on other sites that Probabilty questions rarely appear on the GMAT (even 51Q guys have claimed this), so if they do then also they shoudn't be of this level, I think some people should agree with me here, nevertheless If there is a good possibilty that such problems can come on the GMAT, then we need to enhance our level of preparation to tackle them.
BTW agni_mba you have provided a good & rational solution for the problem.
Regards
Samir