JoseWisemang: this... is hilarious. It's like people are going to die if they have to pay $5 more than me for a videogame. "YOU ABANDONED YOUR PRINCIPLES!".... The great rustling of our time.
In many cases, it is not just $5 though. You only have to look at the regional pricing policy of Steam to see some major disparities in pricing:
http://www.steamprices.com/us/topsavings In some cases people in other regions are paying 2x, 3x, 4x, or more the price of the US version (sometimes more than $20+ USD) for each game. Does an individual person's disposable income suddenly increase to match that kind of price increase? No, it does not, which means that people in some regions will inevitably purchase fewer games, support fewer developers/publishers each year, and thereby contribute to the pressures the game industry is already facing.
The intention of regional pricing (originally) was to ensure more fair pricing across different regions where there are large disparities in wages. In practice, however, it has been used to artificially elevate prices in some regions, and results in blatant price gouging in others.
I personally would not have a problem if it just meant adding the cost of VAT (which is 20 percent in the UK) to the price, because that's what we have to deal with anyway. But going by Steam's pricing model, the price we pay is invariably a third higher for most games, and occasionally ridiculous 100, 200 or 400 percent price hikes on certain titles for no discernable reason other than the publishers think they can charge that much and get away with it.
I know there is some unfairness in the existing flat price model for some regions (and I can certainly sympathise with that), but introducing a regional pricing model will simply shift that unfairness to many other regions, and does not solve the problem.
As others have already stated - today regional pricing, tomorrow regional restriction/censoring ... the day after? Anyone's guess, because once you open Pandora's Box, it's pretty difficult to close it again.