Is it possible to set up my laptop to play two different regional codes in

two different DVD programs? If My laptop DVD regional code is set to one region, is it possible to set a secondary DVD program to a second region so i can watch a DVD with Australian regional code on one program (such at HP DVD setup) and still be able to watch dvd's with an American regional code in a second differnt code (such as PowerDVD or something)

If you make any sense out of my question then you win a carrot..actually i don't have the budget for that but well done because i barely understand it
Thanks