The games are too limited. The blog replies shows lots of people having those games, and besides, if you don't like any of those games, even if you don't have them it's a pointless offering. A gift isn't good because it's a gift. You wouldn't expect a vegetarian to be pleased if given a $50 veal steak just because it's free $50 of meat. What is the purpose of this PSN gift? To generate good will. In which case you have to give folks something they'll actually value. I don't see why they left out a wider range of titles like Flower and PixelJunk Shooter 2. Well, PJS2 is left out as they still expect sales of that, and they're only giving old games. But still, there's a big catalogue there and Sony could have given a wider selection to cater for everyone, instead of this selection that excludes their more loyal fans who have spent more on their games.
For myself, there's certainly nothing I particularly want. As I said to them, this fiasco cost me about £5 worth of redundant internet access that I bought on holiday in order to get Under siege when it came out. The only fitting 'sorry' gift would therefore be £5 off that game. Sony can't just credit accounts because of multiple user accounts (perhaps one reason to limit the game selection) but they could offer discount codes on future titles. "Use this code to get £5 off your next PSN checkout."
As for Japan refusing PSN, that could perhaps be an issue with payment security, which hasn't been enabled yet and doesn't affect online gaming, but which the Japanese government could be being restrictive on. I wouldn't say just because the Japanese government is holding Sony back for security reasons, that they are valid reasons. They may be, but then again it may be political maneouverings for PR points.