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I'm in Canada, and I found it simpler to register my Kindle to my Canadian address, but get a U.S. account with B&N for those rare books which aren't yet released in Canada. I simply use the address of a family member. And conversion to mobi is fast and easy if you get to know Apprentice Alf.
If you keep accessing your U.S. Kindle account from abroad, eventually they'll ask you if you've moved. When I first bought my Kindle 2, I also tried switching my address to the U.S. for a purchase, then switching it back to Canada. I did this to get digital content, like chess. It worked, but this is a good way to get your account banned, I believe. Amazon needs to be very careful about international rights to content.
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