Image via CrunchBaseToday is the first day that you can stream Netflix to your PS3 without the disc. And about time.
Setup takes all of about three seconds, so no concerns there.
A much-needed improvement to the feature has been made -- you can search. Not just your instant queue, search the whole catalog in the app. Also, the buffering seems to have improved from what I can tell (from the first few minutes of Interview With the Vampire, anyway.)