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I think some PC DVD drives are region locked in the firmware. Or they let you change region 5 times and then lock the region. Luckily there are usually patched firmwares around that'll remove that 'feature'. But you'll have to patch your drive.
The last two DVD players I've bought from Tesco have played any region DVDs. The trick appears to go for the ones that cost £15 and are manufactured by a company you've never heard of.
Your bigger problem is video system. A region 1 DVD from the US will be NTSC(30 fps). Even without region coding your dvd player may not play a NTSC DVD properly. PAL players tend to be better about playing NTSC than NTSC playing PAL. Still it may not work and if it does it may translate it into PAL on the fly which can give it a stutter. Likewise your tv may or may no know what to make of an NTSC signal.
A computer will work in all cases though as PC DVD drives do not care about PAL or NTSC and will play both natively. You may need to get remote selector to bypass the region coding though.
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http://videolan.org/
I doubt you'll get a PAL 360 or PS2 to play it.
http://www.amazon.co.uk/Blaze-DVD-Region-Free/dp/B00005YTDD
A computer will work in all cases though as PC DVD drives do not care about PAL or NTSC and will play both natively. You may need to get remote selector to bypass the region coding though.
Let this thread rest in peace.