International SEO (USA & UK)

Hi
I have a client project site thats been operating successfully in the UK now for a few months and looking to expand offer to USA.
Their dev team thinks best to have a UK & US subfolder with IP sniffer serving up the relevant version depending upon ip location 
Apart from price differences and some spelling differences content will likely be duplicate.
Please can anyone offer advice in regard to the above such as links to latest international seo resources/articles etc (i have seen Aleydas great WBF).
If anyone has any experience of above scenarios (i.e. knows of probs with ip sniffer method in regard to seo or essentially having dupe folders for uk & usa just with local differences) then any advice comments will be much appreciated ?

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