Is the lack of region coding bad for the format in the long run?

[mogwai_macabre]

Most of the major studios already release their titles on Blu-ray without region coding. So I have no concerns with popular titles that major studios release.

I'm concerned about future state, a few years down the road, when boutique lables start releasing titles on the format. What happens when movies are tied up by different rights in different regions? Even Arrow and Criterion, who now release in both the UK and the US aren't able to offer all titles to both regiosns due to right issues. This could be much more of an issue with smaller labels.

I'd rather have a region locked release, than no release at all. A lot of stuff is indefinitely stuck in rights limbo for a particular region.