Answer:First off, the answer is yes!
Here are three easy steps:
Step 1: Get a VPN Service Provider
First you will need to get yourself a VPN (Virtual Private Network) service provider (www.VPNTelevision.com or www.accessunblockedvpn.com). The VPN service will give you an IP address in the United States - this is the critical ingredient to be able to access Netflix from abroad!
The Apple TV does not have an built in VPN client (as other Mac products do - like their laptops & computers, iPhones, iPads, iPods).
Step 2: Get a DD-RWT Compatiable Wi-Fi Router
So you will need to get yourself a DD-RWT compatible wireless Wi-Fi Internet router.
DD-RWT is software that allows the router to connect to the VPN service. Once setup, all of your router will have a US IP address and it will be as if you are located in the United States.
Step 3: Set your Router up with the Strong VPN settings
Set it up! I recommend you use StrongVPN as your VPN provider since they have AWESOME customer support in setting up VPN on internet routers
Step 4: Happy Days!
You will now be able to access WHAT EVER YOU WANT in the USA on any device in your home via wi-fi.
Now go get yourself a Netflix account and enjoy! Pick the option for Internet delivery (without mail DVDs)
* Netflix will say you need a valid US address. It does NOT have to be your OWN address!! Just find some US address from the Internet. You will be paying by Paypal so they WILL NOT verify the address to your Paypal account (as what happens in Credit Card transactions).