For me, the appeal of Netflix in the DVD-by-mail era was a large complete-feeling catalog of movies. They have not been able to recreate that experience in the streaming era, which is why they lost me as a customer a couple years back (replaced by a la carte rentals from iTunes, and a great local video store).
They indeed seem to have decided to become another HBO, with "must-watch" original content, but that feels like a very different business, and one that is a lot more difficult to dominate--they will always be one of many channels, instead of being the platform.
IRONIC, SAD EDIT: That great local video store is in trouble ( https://www.indiegogo.com/projects/save-le-video-a-sf-film-i... )
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