If you thought Netflix (Nasdaq: NFLX) was exporting its concept to Canada as a streaming-only service, it may be the other way around.

"We are looking at adding a streaming-only option for the USA over the coming months," CEO Reed Hastings wrote in a blog post last night.

Hastings made the comment as part of a larger apology after calling Americans "self-absorbed" relative to its Canadian pricing in a Toronto interview. Yes, Netflix has stumbled quite a bit in its first international rollout.

However, it's clear that the product now being sold in Canada -- an unlimited streaming option available for $7.99 a month -- may very well make its way back home to the United States.

It's going to be a hard sell.

Right now, folks can pay $8.99 a month for unlimited streaming and unlimited DVDs (with only one disc out at a time). The streaming is cool, but not universal. Just 61% of Netflix subscribers streamed at least 15 minutes of video this past quarter. Put another way, 6 million of Netflix's 15 million subscribers don't care -- for now.

There is also a problem with content. Roughly a fifth of Netflix's DVDs are available in its digital catalog. In other words, odds are that the movie you really want to see is only available on DVD or Blu-ray. Who would pay $1 less for an 80% reduction in available content and the perpetual requirement of a healthy Internet connection?

One can argue that Netflix can always go with a more viable price point -- say $4.99 -- but it can't. The move would be yet another Netflix insult in Canada. It's a serious pricing quandary. Netflix has to price its digital offering low enough to attract new accounts, but not low enough to force existing subscribers to migrate to cheaper plans.  

There's also Coinstar's (Nasdaq: CSTR) Redbox to consider. Its DVD-rental kiosks may face eventual extinction, but revenue there spiked 44% in its latest quarter. It has promised to reveal a long-anticipated digital strategy next month, and you just know that a company renting discs for a buck is going to price its streaming buffet aggressively. Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) have set-top boxes coming out in a few weeks. Apple's box is already playing nice with Netflix, but it may not be long before Apple and Google are the architects of their own streaming subscriptions.

Netflix's advantage is that it has years of building up its content library. Just this morning, it announced a deal with General Electric's (NYSE: GE) majority-owned NBC Universal to serve up a ton of televisions shows from NBC, USA, and SyFy.

Either way, waiting a few months will give Netflix a fair read on how Canada takes to its service and time to assess the seriousness of Coinstar's digital offering.

I can just picture the new ad campaign: Netflix, no mailbox or DVD player required!

Will Netflix work as a streaming-only offering? Share your thoughts in the comment box below.

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Longtime Fool contributor Rick Munarriz has been a Netflix shareholder -- and subscriber -- since 2002. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.