civicrm country is wrongly mandatory

As of 3.4 /civicrm/admin/setting/localization

is complaining that "Please correct the following errors in the form fields below:
Please select a default country that is in the list of available countries."

However, I'm 100% sure I don't want ANY country as being the default one (working at the European level, you don't want a default country, WWII is still fresh enough

Previously, you could have "-- select--" as the default country and everything was fine. This behaviour needs to be restored.

As an aside, the default country list contains all the countries, even those that aren't enabled, not sure it makes sense.

Not sure if it's related to :
http://issues.civicrm.org/jira/browse/CRM-7713

X+

P.S. 3.4 and 4.0 are still under "Unreleased Versions", please update the Affects Version/s list (and Fix Version/s)