http://www.xbiz.com/news_piece.php?id=17575
No I hadn't seen that until just now. That's a good one to watch. I am of the general opinoin (unpopular I'm sure) that there are way too many people in this biz anyways and that it should be problematic to be in it and not equal to selling donuts.
I also thought of an example of where a US citizen might want to host offshore regardless of US law in order to AVOID not EVADE its effects and that might be in the case of the US House Hearings recently concluded on requiring IP's to keep records of all server activity for extended years of time. IMHO, if you valued your customers privacy rights you might want to host offshore if the hearings ever matured into law (which they probably will).