Just loaded up Netflix streaming on my PS3. Woah, video on demand. Not overwhelmed with first impression of video quality (who's afraid of Virginia Woolf). They seem to have screwed with the aspect ratio to fill the tv screen. (Adding ... slightly non-linear stretch at that.) In the current vernacular: Fail.
Compression is sub-DVD, but not too bad. AVC (aka h.264) bouncing around between 500 kbps and 2.4 Mbps.
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