Where is the water damage indicator on a Nexus One
 

I need to get a nexus one handled thru warranty, but HTC says basically if anything is wrong they'll charge for a new phone. I've never dropped it in water but I just want to make sure just in case like if some steam got in or something, I really don't want to pay $500 for a refurbished phone or something like that.

Has anyone gotten a N1 replaced thru HTC?

also, where is the water indicator thing on the phone? Can it be seen if you take the cover off?