Even though it only works on version 3.2 this is pretty useful considering the patches are permanent,so theres no need to go into HBC just to get region free working ,will give it a go.
PS by the sound of things it will still create duplicate channels cant they incorporate the same code as gecko os to allow it to run different region games without creating duplicate channels,and by my understanding if they just remove updates some games that need there native channels installed will only give a black screen unlike gecko os...