Disc Only, bad reception, old titles
OK, Netflix is OK, but it's a little annoying. Many of the titles are 'disc only' so you can't stream them. A lot of the titles available are so old, they're probably on HBO. The Streaming is AWFUL. It's slow to load, the audio and video don't match up, and the quality is horrible, horrible, horrible.
One GOOD thing about it? You can stream a comedians act to your iPhone and listen while you're commuting to or from work. It works pretty well, as long as you're using it for the audio and don't care about the picture quality (while driving this is obvious).
I don't think it's worth the $8, wait, $9, wait, now $10 a month they charge (annoying price keeps going up as well.)