As I understand it, TV use and the HDMI in is basically limited to US. Is this incorrect?
Yes, that is incorrect, HDMI and TV and TV Tuner use works everywhere. However, not all countries have full definitive Guide data.
In the dashboard preview forums there are substantial number of users from Europe and they love that functionality. There are a handful from a Scandanavian country that is missing guide data, but they seem to be happy with the other functionality despite the missing guide data.