Linked by Thom Holwerda on Thu 4th Oct 2012 14:11 UTC
Windows "Microsoft doesn't understand that people travel around the world, and are hugely sentimental about things they've paid for. Here's a list of some services that are affected by Windows Live ID billing region locks and what you will lose if you move countries." It ain't pretty.
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I think you can actually change it
by sukru on Thu 4th Oct 2012 15:02 UTC
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I changed my region when I moved from Europe to US. And my Xbox is working fine. I do not know whether they disabled it now, but the option still seems to be there at:

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