Sounds like a good deal for Netflix, and a good deal for Warner Bros. But this doesn't sound like a good deal for Netflix users. Having to wait a whole month before being able to rent 'new' releases? Well, Blockbuster could always use the extra business.
Agreed. I'm not sure how I the Netflix consumer will benefit from this at all.
You benefit from the increased Instant Streaming library.
Now, if you don't really use that feature, you're not benefiting much at all, but that's not really Netflix's problem.