This thread quickly turned from questions regarding AppleCare+ and what it covers to a moral condemnation by the "holier-than-thous" of the MacRumors community. Comments like "despicable," "scumbag," and "terrible person" are nothing but hilarious in this context. Seriously people: the guy (or kid) is telling a white lie to get a replacement that in all likelihood Apple would give to him anyways. What's even more hilarious is that the majority, if not ALL, of those projecting their pristine sense of morality towards the OP have at some point in their life done the same thing- aka taking advantage of the system by stretching the truth. We all do it- that is guaranteed. The difference between me/ the OP and the rest of you is that I have no problem admitting I've done it and I don't feel the need to let everyone know how morally upright I am (pretend to be). Get over yourselves!
Please don't assume that we've all done what you and the OP have done/are doing. It's about taking responsibility for your actions, which people don't seem to be willing to do nowdays. Telling a little white lie is one thing; telling it to take advantage of a situation like this is closer to stealing. He's flat out said he's going to lie in order to try to get an expensive item for free. And it does hurt all of us in the long run. Companies build things like this into their pricing structure, because unfortunately they know that people will try to take advantage of it. So we end up paying higher prices.
The OP asked for thoughts on his plan, and that's what he's received from everyone. If he didn't want our opinions, he shouldn't have asked.