Yes, that's correct. As is NJwirenut's observation that your NTSC TV won't work with PAL broadcasts [Linked Image] If you plan on using a region-free DVD player or tuner that can convert the signal, you can use it though.

Nearly every electronic appliance I've bought in recent memory has been compatible with both US and European power. I've tested it, too- my laptop, pda, cell phone and digital camera all worked fine with just a $1 plug adapter.