Some of the annoying features of Terminal app are:
* no copy on select ( searching for it ; may be SIMBL )
* cmd + arrow does not have any effect like word movement (unlike iTerm)
But finally i found it and so let's document it [:D]
we can use esc + b/f for word movement.
The only thing that draws me towards Terminal.app is it is visibly faster than iTerm(i think so).
So lets see if i can start using it :)