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Do it! Do it!
You can buy credit (Micropay of Gift Certificates depending on the site) on both Books and Board and Fictionwise. Then change your address to the US and spend that credit on the books.
I successfully did this on both sites this weekend.
If you want to be sure try it out before buying your reader. That way you risk losing £5 or so rather than £150+
One other recommendation. When you get your Reader *don't* install the UK software to your computer. Instead download and install the US version. That way you can download any free books they have at the US Sony store.
At first some of this will seem complicated. Removing DRM, format shifting, using different stores, using calibre (I found it complicated at first but got the hang of it and now it's absolutely indespensible). But don't despair, people on here will help and once you get your head around it all it becomes second nature.
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