I'm not a piracy advocate, but this doesn't offer any advantages over torrents. You still don't have a legitimate licence to view the content, so at that stage you might as well just torrent it.
I do not accept the legitimacy of arbitrary region restrictions. It is still the moral thing to do and much faster/easier than torrenting.
It does offer a moral 'advantage' in that you can tell yourself that even though what you are doing isn't technically legitimate, you're at least doing your bit to make sure the creators get paid.
> the creators get paid.
Netflix and the studios* get paid.
And (hopefully) the studios pay the creators. But realistically how is that different from me renting/buying a DVD or buying a ticket at the cinema?