Re: Regioning could be fixed!
I think you'll find games consoles aren't "regioned" as such. They are tied to broadcasting standards: PAL, NTSC, SECAM et al. So I can play a game from Australia in the UK because they both use PAL. However, if you move out of one broadcasting standard (or want to LEGALLY import), you are stuffed.
There is no need for a complex scheme to "fix" it! It would clearly be easy to make a multi-standard console and doing this would have ZERO effect on piracy. But they'd rather screw as much money out of the RoW (i.e. PAL) customers instead.
If consoles weren't monopolies, I think you'd find the issue would go away. Look at DVD players; they've got to deal with mulit-regions and multi-standards, and somehow seem to do so with little difficulty...