This is a massive sticking point for me as an Englishman living in Japan. The huge delay in getting films and, especially, TV over here coupled with the IP address and other restrictions in place by certain providers is a huge encouragement to me to Bittorrent instead. Luckily I now have a UK and US iTunes account that serves me well for most things.
My biggest gripe is with the UK sports companies - a lot of American friends can legally stream NBA, MFL and baseball via a global site that charges for high quality content. The English Premier League and cricket bodies are absolutely blind to this - there is no way for me to legally watch these sports via the web (and cable TV here isn;t possible in my apartment), even though I'd happily pay through the nose to get a fix. Because of this, I'm endlessly looking for ways to catch games via means that they spend huge amounts trying to chase and shut down.
Now that language and communication face such a low barrier, staggered releases and restrictions by market make no sense.