This may have been answered already, but a search on the subject yielded no results.
As most probably know, a Japanese 360 premium system can be had for $430 US on Liksang.com. This seems like a pretty good deal, especially since it would mean I'd actually have a 360. I have 2 questions, however:
1) Is there a way to play US games on Japanese systems as of this time?
2) Will American peripherals work on Japanese systems?
If the answers to those questions are "yes", I'll likely be buying a 360 sooner rather than later.