Yea i use it for netflix too it's awesome for that. Only thing that sucks is my stereo does not have very good inputs/outputs so i can't hook up the PS3 into surround sound. I only have three games for PS3 football, football and baseball, but I'm sure i will get some more like Need For speed shift.
Well i watched a video review that said it was the best Need for Speed game ever made. I also have the demo and after a few practice runs i got the handling down. Also to consider would be Grid racing and dirt two.
Grid is pretty sweet!! I got it on the 360 and it's a game I would pop in there from time to time.