Ah! I suspect this is going to take a little more time than I thought.
I cannot import my blogs from Blogspot to WordPress because the import option does not allow me to do it from the Blogger Beta version.
There is a potential workaround by using the RSS feed, but Blogger beta would give only Atom feed. However, if you view your page in IE7, it gives both Atom as well as RSS feed.
And once you have the XML file saved, supposedly, you can use the Manage –> Import –> WordPress option to upload the XML file.
I have not been able to try it out, because I am not allowed to install IE7 at this point in time, but if anybody there has done it, please let me know. I shall buy you a chocolate!
How I wish I was with old Blogger… :(..*sigh
Nonetheless, I shall figure out some way to do that. Hail Google!