Netflix to raise prices and alter rental plans

Are you fucking kidding me?

I have had a Netflix subscription for a while now and I do thoroughly enjoy it. It's a pretty good deal to be able to rent/watch as much stuff as you want for $10 a month. However, I log on today to learn that they will no longer be bundling the DVD rental and Instant Stream packages like the package I have now. You will now be charged a minimum of $16 a month and must subscribe to both a DVD rental package and/or an Instant Stream package.

Couple problems with this:

1. Most of the things available for streaming suck. There are a few good finds on there, I'll admit, but come on. The reason I still have the DVD option is so I can watch decent movies and TV shows.
2. I highly doubt Netflix will make a full or majority switch to streaming only allowing them to lower the price back down and make their services similar to Crackle and Hulu Plus. They could but they won't. Their streaming quality is lousy and it frequently pauses in the middle of the program to adjust the server speed.
3. They are implementing a 60% increase during a recession. Whoever is the head of their marketing deserves to be fired. With this economy they're lucky they still have customers to begin with.
4. I am a customer and don't appreciate being blindsided by an increase as stupid as this.

I'm most likely going to be a movie freak and empty my DVD queue before September 1st and then cancel my membership. That is, unless this stupid move is reversed. Given the amount of people who have threatened to cancel it would be the smartest move. If they want to increase their prices make a DVD/streaming package $12 instead of $9.99.
Personally I think the motive for this is the streaming ability on the gaming systems. It's cool in theory but it doesn't help people like me who still want a DVD rental option.

For $16 or less I could buy the movie I'd want to watch on Netflix on Amazon or rent it on iTunes for $4 or less.

Netflix shot themselves with this one and I hope they pay for it. We all saw what happened with Blockbuster when they got dumb, raised prices, and messed with their rental policies. People don't like it. To have a successful company of this nature you have to capitalize on customer satisfaction. That's just the way it is.