I don’t use netflix for streaming. The ps3 delivers an incredible picture, downloading hi-def content the quality always takes a hit, it kind of defeats the purpose of having a blu-ray player, I’m a stickler for quality. The ps3 also updates it’s firmware often over the internet so I would choose it over cheaper players that don’t connect to the internet. PS3 also has FREE online connectivity to play and buy games with others over the internet. The ps3 can do a LOT of things, it’s an entertainment beast.
I feed my ps3 blu-ray discs. If you want to stream other content then I guess it’s OK. If you have a blockbuster with lots of blu-rays you can get the monthly deal where you can watch tons of blu-rays for cheap as well as using netflix to get blu-ray discs sent to you.