Fortunately, Netflix is putting a lot of effort in their own content to prevent exactly this quagmire of regional licensing. They are well aware that it is one of the biggest complaints their customers have.
Oddly enough, the new Star Trek series will actually be on Netflix worldwide except for North America — usually it is only the other way around except for the local-language content.
I am worried though about Netflix (and any competitors) assembling catalogues for each separate country based on what people in that country like on average. I didn't sign up for Netflix to get Dutch soap opera's and reality shows, and I do not like being limited to a catalogue focussed specifically on what the average Dutchman wants. There is whole world out there; so what if I want to watch Austrian cooking television or Japanese game shows? Just fix the damn licensing mess already!