I'm fascinated as to how exactly this is going to work too.
Just to add fuel to the fire, we're not alone and the technicalities of registering might be the least of the challenges ahead with this...
Apparently Europe is also heading towards Value Added Taxes being based on the location of the buyer, (as opposed to the location of the seller as it is currently). Their target implementation date is Jan 2015.
Aah - just found the article that caught my interest a couple of weeks ago -
VAT change to online sales: not just a tax concern
It's going to be an interesting transition, methinks.
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