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Some of the bookstores will look at your IP address to establish your location, while others use the information you give them. When I lived in Germany, Amazon's store would mask out books that were restricted from being sold in Germany so that I couldn't even see them in the bookstore. I got around that with a program called hotspot shield. It's an advertising based program, but if you run Firefox with adblock enabled, you won't see any sign of the ads. Running hotspot shield, I was able to purchase "only in the US" books from Barnes and Noble and Amazon. The Sony store didn't care once I set my geographic area to US. You can purchase preloaded internet credit cards to give yourself a US credit card and make up a US address. BooksOnBoard didn't ever seem to care where I was located, but I used a US based credit card for purchases there.
I agree that whatever reader you use, you're going to have to strip the DRM to have any hope of getting modern books. It takes a little research, but it greatly increases the number of bookstores where you can shop. Your Kindle won't support book formats from any other store, so you'll have to strip the DRM and convert the book first. As abookreader said, this is very easy to do with Calibre once you have it set up and Calibre does a nice job of both managing your library and converting nonDRMed books to other formats.
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