So now that local search / personalized results is taking off with Google, Yahoo and other search engines, I was thinking of ways to take advantage of this. I still think that the .com site should be your main focus, but maybe setting up some new traffic or feeder sites that have features like:
- language specific
- using local country TLDs and domain names
- getting location-specific on link exchanges and backlinks
- using local hosting services

Does anyone here have experience in setting something like this up? If yes, have you seen good results?

If you don't have experience, do you want to participate in a project and help each other get something like this setup?