i just returned from the apple store. I went there just to check out their demo units to see if they also had light bleeding but unfortunately i couldn't get through the crowd. I asked one of the guys there if it's a known issue because mine had this alone the bottom bezel by the home screen and by the volume keys.
He called his supervisor who quickly rushed me to the back and said "i believe you, we'll take care of you right away." Then asked which model I had. Once I gave all my information, they came out with a brand new iPad. Exchanged it right there and sent me on my way. She explained that it was most likely due to the glue still needing to settle and if theres still an issue on the new one, bring it back and they'll exchange it again.
I was just surprised because I was thinking at best they would just reserve a ticket and say they'll get back to me, but replacing the unit fully in 10 minutes, not to mention it was 15 minutes before the mall even closed. The funny thing was I was going to the mall to get a zagg screen protector but since the apple store was right there I decided to stop in and ask.
That's good to know!
Now I'm not worried about buying one.