Good news—the Windows Phone Marketplace for apps and games is opening for business today in five new spots—Argentina, Indonesia, Malaysia, Peru and the Philippines.

If you live in one of these countries, tapping on the Marketplace tile will soon (it might a few hours for all the lights to come on) put loads of great apps and games at your fingertips. One important caveat: Your phone will need to have Windows Phone 7.5 installed to access the new stores. (Look here for update instructions.)

If you’re a developer and want to make sure your app lands in one of these new stores, make sure to check out Todd Brix’s post today on the Developer Blog.

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