Yes indeedy! With a similar (but more difficult to reach) modification, the Panasonic Q can play your U.S. GameCube games!
The Q has shipped in Japan, and it didn't take long for various sources to crack it open and attempt to modify the unit to break down its territorial walls.
The Q is much more difficult to open, but not impossible. The actual modification is applied in the same way as the standard GameCube unit.
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Inside, the hardware is largely similar, with the exception of a Panasonic DVD drive taking place of the GameCube's mini drive. In addition, the controller is branded as "Panasonic" across the top center.
The DVD Board
