I like the netflix idea too and just signed up since they have a $7.99 streaming only option.
But the movie selection is kind of crap if you ask me. And many movies are disc-only, meaning I have to upgrade and have a disc mailed to me and mail it back when I'm done watching.
The TV selection is pretty good, but it's kind of a teaser. They have Season 1 of Dexter for example...so you get hooked then have to go rent DISCS for the subsequent seasons.
Meh, the system just isn't quite there yet.
The selection of what is available on instant view from NetFlix is actually out of their control. Because the studios have decided that streaming (on demand) service falls into the same category as broadcast, when a network reserves a block of time in which to show a movie, no other service can offer that movie at the same time. So, while NetFlix would love to have their whole catelog available for instant view all the time, the studios won't let them. So, rather than complaining about how NetFlix's selection sucks, complain that the studios arent allowing the system to get "there".