@Rantreg since firmware 1.2 you could register your nook anywhere in the world via wi-fi. I'm in Australia and have no problems and if you do not want to register your nook yes you still can read epubs you just won't get firmware updates automatically.
I created an account with B&N using my Aust credit card but I gave a US address, when I'm using my PC I use hotspot shield and buy books as per normal and my nook can download them via wi-fi..
I would recommend buying the nook...
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