The price increase wouldn't have been received so badly if Netflix had announced something, ANYTHING other than "hey, we're raising prices to give you the same thing you have now and if you don't like it, here's the link to cancel". Provide an explanation about streaming costs increasing for them, give out some hint that they might open more of the Netflix library to streaming, etc. There's none of that. The only news we have is that this new NBC Universal deal will let Netflix stream shows like "The Event" (all one season of that canceled mess) and "Leave it to Beaver".
That said, I am keeping Netflix but downgrading to the 1-DVD-out plan w/o streaming. There's so little worth watching on streaming, and so unreliable in terms of how long something stays available, that the extra cost is just not worth it, even though it IS small in the grand scheme of things.