I agree with you >>1. I don't see how they could loose money by regioning games, instead I see more profit because gamers will buy games from other countries. Now local game censorship aside, there is nothing really to loose to. Unless it's actually somewhat more complicated than we think....

I'll be waiting for the game pirates to try and find a code-execution bug or some way to rip/play games. It didn't take long with the Gamecube, with any of Sony's other consoles (not hard considering you can just use CloneCD), and the N-Gage was a laugh.