Blacky,
as long as you tell just cars (or whoever) that you have this then your insurance will be fine.
it is programmable but only one place can do it here and its expensive.
and you will need a tune when the car arrives, so you will have to ditch the fcon and get a powerfc or something. reason for this is that you dont know what its been tuned for. example: a mate and myself imported modified 32s at almost the same time. his arrived running very lean and mine arrived running very rich. also our fuel is crap compared to the japs so have to be more conservative.
so all in all, sorry to burst your bubble but you will have to spend more $$ and possibly a bit depending on whats wrong. thats basically what happens when you import a modified car. i learnt the hard way, cause i had to go way over budget to get my car where it is and its still going 1.5 years later... next time just buy a stocker