I got a killer deal on a region modded Japanese dreamcast on ebay recently and have no info on what this chip is. It doesn't look like any of the region modding tutorials I've seen before. Also, there are no external switches on this mod. It plays American games, but I don't have any Japanese games to test. Anyways here are some pics:
Got that exact same chip in a Dreamcast myself off of eBay last week. Thanks for posting that as now I know.
Don't know what dreamcast modchip I've got. US/JP play. Though never tested PAL, much like my Gamecube. Someday this dreamcast will need repair. Its load fans and disc access is annoying.