The absolutely most stupid thing about geographical restrictions is the fact that the "place of sale" is the country where the purchaser resides (or wher he has some valid address, plus bank account, plus credit card...)
Different contracts for selling in different countries is OK, exclusive contracts for selling in different countries is OK, being able to buy something in some country and not in another country is expected... But being unable to buy an electronic file just because I live (or don't live) in some country is plain absurd. The "place of sale" should be the country where the shop is located, just as with physical goods, I would even be fine with paying an additional VAT, if needed. I can choose to buy American editions (of paper books) from amazon.com or British editions from amazon.co.uk, it should be the same with ebooks.
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