I canceled Netflix early this year when I realized I can get anything I want on Piratebay or Bakabt. And without scratches on the DVD that requires me to wait three days to pick up where I left off (I only tried streaming from them once, and the damn thing lagged).
I hear redbox is siphoning their business too. I do think it's a shame Blockbuster when under though, if there are any left, they won't be there for long.