I actually really like the concept.. this is true innovation, although I'm not sure how people will react to it.
What it boils down to is this:
If you live in an expensive country and cannot find work at an inflated salary sufficient to support a lifestyle in that market, would you rather move to a less expensive market where it costs less to sustain yourself and keep your job?
This was played with by Michael Moore with the laid off American autoworkers going to Mexico to try to get their old job back, but it looks like this is now happening:
http://infotech.indiatimes.com/News/...ow/4085361.cms
I say good for IBM.. at least the option is out there.