With competition becoming increasingly fierce among online streaming services for television and movies, console makers are trying to one-up each other in as many ways as possible, and soon PlayStation 3 will join Xbox 360 in the ability to watch Netflix-streamed video without a dedicated disc."Before our next [financial results] in October, we expect to be launching a major new version of our Sony PS3 user interface which doesnt require a disc, and is dynamically updated continuously with the latest Netflix UI improvements," said Netflix CEO Reed Hastings this week as part of the companys second-quarter earnings report.

via Gamasutra – News – Netflix CEO Discusses Hulu Plus, Disc-Free PS3 Version.

Now that’s some good news – I can’t wait to be able to use Netflix through my PS3 without having to find the disc.