Netflix (Nasdaq: NFLX) subscribers streaming flicks and television shows on their Wii or PS3 consoles are in for a treat this week. The cumbersome process of loading a disc into their systems to kick off the viewing process is history.

The latest PS3 operating system update -- or a free download from Wii's virtual store -- lets gamers tap into their online queues directly from their console menus. This is the way that Microsoft's (Nasdaq: MSFT) Xbox 360 owners have been doing it for two years. It's about time that Sony (NYSE: SNE) and Nintendo (OTC BB: NTDOY.PK) caught up.

Conspiracy theories abound, though it's more than likely that Netflix and Microsoft had an exclusivity deal in place for disc-less streaming. The playing field has finally been leveled.

What's the big deal? It's only a disc? Netflix subscribers have been ejecting discs over the past decade without complaining. However, it's inconvenient for a gamer to have to swap out discs to catch a streaming movie when they know that it hasn't been necessary on the Xbox since that service launched late in 2008.

It's not a major deterrent, of course. Nintendo's press release this morning indicates that 3 million of its Wii owners have already connected their consoles to Netflix. The rub is that seamless streaming is becoming ubiquitous. Whether someone fires up a TiVo (Nasdaq: TIVO) or buys any of new gadgets powered by Google's (Nasdaq: GOOG) new Google TV line, Netflix connectivity is a non-negotiable feature.

Simplicity's timing is perfect. It launched a streaming service in Canada last month -- the first of likely many overseas markets where Netflix goes in without the need to open regional distribution centers or deal with physical inventory.

Streaming has been a big winner for Netflix, helping subscriber retention by giving members better value for their unlimited plans. It also helps differentiate Netflix from the growing kiosk fleet of Coinstar's (Nasdaq: CSTR) Redbox.

Less mail, more moving pictures.

Rock on, Netflix.

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