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Netflix online streaming is coming to the PlayStation 3.

A Netflix press release spelled out the details of deal. The good news is that the streaming feature–which enables Netflix subscribers to access thousands of movies and TV shows on-demand via the Internet–is available at no extra charge beyond the monthly Netflix DVD-by-mail subscription, which can be as low as $9 a month. (By contrast, Xbox 360 owners also need to subscribe to Xbox Live, which is an extra $50 per year.)

The bad news: PS3 owners will need to put a special Blu-ray disc in the game console, which will enable streaming via the Blu-ray’s BD Live functionality. …
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