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Blockbuster may be around a little longer than you think.  I remember when K-Mart and Marvel Comics were bankrupt.  I planned to buy a pair of Wrangler jeans and the rights to Spider-Man for a song.  Years later and I still don't own a single pair of Wrangler jeans and Spider-Man is a billion dollar franchise.

Plus, with Blockbuster Mobile (basically Netflix), I think they will be around for a while.  Sounds like this service sucks, though.  I dumped Gamefly because of similar issues.