The regions are configurable already. Please see the unit test code for samples. Sorry for the lack of "proper" documentation.
The expiration issue is a known issue and up for discussion. See this thread:
http://nhibernate.sourceforge.net/forum/viewtopic.php?t=1015
The the caching tags are "cache" or "jcs-cache" ("jcs-cache" should go away soon), and is the same for both the class level and the collection level.
cconstatin wrote:
the current interpretation of staticExpiration is of not much help
I agree totally. I don't know what Microsoft was thinking. What developer would ever say "I want the data for my web page to expire on the third Wednesday in July, 2037." - it's rediculous.