An US IP in needed to watch netflix/hulu correct? Can you recommend good cheap VPNs so I can see if it's worth it for me?
All you need is to appear to be from the USA when you use the code, after that you can stream the full U.S. library from anywhere in the world. Here is the steps another person successfully used:
1. Goto Tunlr.net and follow the instructions for the usa dns
2. Create a new netflix account by going to netflix.com/giftcode AFTER you have setup the dns
3. Once you have created the account you can skip the dns and it should work on your country/any countries Netflix
Can I resell the codes to 3rd parties after I buy them?
Sure, I'm fine with that. There's no way I could stop you anyways!
Does the US IP restriction apply to pandora too? And will the itunes codes have similar restrictions?
The Pandora codes work anywhere you can use Pandora. The iTunes codes will unfortunately only be able to be used on U.S. accounts but I believe you can get a U.S. account from anywhere in the world.