Not sure about good or bad, but it was inevitable. Netflix is doing everything they can to get out of the "shipping DVDs" business. Postage is their most significant cost -- hundreds of millions in expenses. They cringe every time they have to mail someone a DVD.

The streaming only plan is probably more akin to subscribing to HBO or Showtime. Limited movie and TV availability. Those are the businesses you should be comparing pricing/content to if you're considering it.