Legality is a grey area. I've read many views that say it is not...

Legality is a grey area. I've read many views that say it is not illegal as well eg

http://www.netflixaustralianow.com.au/netflix/is-watching-netflix-in-australia-via-a-vpn-legal/

The point is it's never really been tested in a high court and probably never will be as it is a complex process to try and charge someone located in another country under your own jurisdiction. But it is an interesting topic nevertheless.