I'm an expat Brit in NZ
... and I read El Reg as a UKian publication.
I've had this argument with Google just recently. If you're going to provide me with "localised content" - fine, I understand why you'd want to do that, but please please PLEASE give me an opt-out - whether it involves just clicking something, or typing a longer URL, whatever, please give me the option.
There are times when I come here for news, sure. But mostly I come here to find what's worth getting riled up about. And from that perspective, there's very little point getting worked up about things that my friends back home have never heard of and care nothing about.
Okay okay, it's your site, your rules, I don't even pay for it. But you asked for feedback, so there it is.