Worked for me..... Theres a butt load of Games not coming to South Africa so I use a US Account to get that stuff.
BE WARNED: Microsoft's Gold Cards and Gift Cards are also Region locked too, so thats not going to work.... I'm sure they'l also do the samething with your Credit Card, they'l know if you're using AUS currency on US Marketplace......
So yeah..... If you go through with this becarefull..... Because if you change regions on your account you won't be able to change it back again for 6 MONTHS !
Footnote: I hate My Xbox 360, Microsoft can Burn in hell. Honestly its not worth it, Microsoft is always going to find new ways to screw over non-American Xbox owner, trying to find ways around this only makes things worse..... If I were you I'd get a System that doesn't deny you games just because you live on the otherside of The World..... Theres Internet now.... Microsoft has no excuse not to give everybod the same features at the same time...... Digitally !
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