[STEAM] Region lock: What do you guys think?

[vkaraujo]

http://www.engadget.com/2014/12/17/steam-region-locking/

So it seems Valve is region locking now. Not only Russia, but reports that Brazil, Indonesia and their neighboring areas are affected too. So:

The "BRIC"just sank?

Is this OK? Isn't this an old pratice that was about to end?