It's pretty awesome. New releases are spotty, simply because that'd kill the industry, but they do have a some new television the day after its aired. $8.99 per month gets you the streaming service, plus one DVD out at a time. That deal is pretty awesome.
They got a lot more HD content now, as well. Anyone notice they threw up a lot of Criterion collection stuff in HD? I think I even saw Caligula in HD!