Yes it can - it has the same hack as the Goodmans 3500. Just go to the multi-region hack pages on this very site (under "Info"), and follow the Goodmans 3500 instructions (also - press return on the remote when you`ve finished).
You can make it multi-regional, and switch macrovision off - no problems! (I know because I bought a Venturer system last week - it`s great!). If you do have any problems, get back to me.
Cheers!