The PS3 already includes a Blu-ray high-def player, a movie download service (via the Play Station Network) and, of course, video games.

"The PlayStation 3 system has always been about more than just gaming, and it will soon be the only platform in the industry to offer consumers such a variety of convenient options for enjoying movies and TV shows," said Jack Tretton, president and CEO, SCEA. "Whether you want to watch content on Blu-ray disc and DVD, download it from the PlayStation Network's video delivery service, or stream videos instantly from Netflix, the PS3 system is the only solution that offers it all."

Sony and Netflix said today that Netflix movies will be enabled by a free, instant streaming Blu-ray disc that will be sent to all Netflix members.

The disc will allow users to access the Internet and activate the Netflix user interface on the PS3 system, which must be online to watch the Netflix movies.

Kindle Wireless Reading Device: $259

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