Netflix streaming will be available “later this year” on the PS3. Like the Xbox 360, it’ll be free with the $8.99-a-month plan. Unlike the 360, you’ll enable Netflix via an “instant streaming Blu-ray disc.”
Apparently, the free disc activates the Netflix mojo via BD-Live, in what must be the best use of BD-Live ever. It looks like you’ll be able to pick out movies or throw stuff into your queue using an onscreen interface, so there’s no going back to the old-school days where you had to add stuff to your queue on your computer before strolling over to your Xbox and TV.