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How does the streaming from PC to PS3 work exactly? I thought about trying it with the 360 before NXE. I never did. I assumed it wouldn't be that affective as I already have my PC connected to my TV.

How does the streaming work? Is it only video streaming? I assume that streaming the video is doing only that and you can't fast forward/rewind, pause, or change the movie without getting up and going to your PC. That's a big loss in convenience.

As for the idea proposed by Dallas, NetFlix allows you to watch movies on the fly through a subscription. I pay $9.00 and can watch anything they have available (and have one disc mailed to me). It seems you think it's more of a PPV method, but If I wanted PPV, I'd just watch PPV through my cable provider. Which I don't.

Being able to use NetFlix on the 360 is pretty awesome. I see no reason why Sony users would not want that service. As NJ5 pointed out, Sony would have to set up an infrastructure to provide their own service. It makes no sense for them to do that instead of just provide a NetFlix streaming client... that is, of course, unless they see digital media streaming as a threat to their proprietary media (AKA Blu-Ray) and are not ready to embrace it.