It was announced that Netflix will be able to stream movies and TV shows on PS3 without a disc starting October 18. There will also be a new UI with an improved browsing experience, better content search and faster playback.

“There is even more good news for PS3 owners: starting on Monday you ll be able to instantly watch some movies and TV shows in 1080p high definition, listen to Dolby 5.1 channel surround sound, and view an increasing portion of our content library with subtitles,” writes Greg Peters, VP of Product Development for Netflix. “This will bring the home theater experience right to your living room and make instantly watching movies even more enjoyable.”

Source: PlayStation.Blog