Thanks to Netflix, PS3 owners will soon (November) be able to “watch as many movies” as they want, for only $8.99 a month. Best of all, “you’ll also be able to manage your Netflix streaming queue directly from your PS3; no need to have accessed the site via computer first.”

Michael Pachter of Wedbush Securities noted that the Blu-ray disc required for Netflix playback on the PS3 may circumvent exclusivity clauses instituted by Microsoft.

[via Joystiq]