I've switched almost entirely to watching content I own, whether its iTunes purchases or ripped DVDs. I control the entire experience, I don't have to worry about content suddenly vanishing, I don't have to deal with anyone trying to steal my attention.
I feel the same way about dropping Netflix now as I did about dropping cable TV 5 years ago. I'm never going back.
Netflix's above-the-fold, skippable "Now Showing" preview on the homepage can't be compared to the unskippable videos that Amazon and Hulu force you to watch. Hell, it even remembers that you muted it. And it only plays if you sit there staring at it.
Since almost all of Netflix's competitors force you to watch ads after you click play, I'm pretty happy with what Netflix does. Seems like a perfectly fair trade-off to me.
If you don't like it, just add ".billboard-row" to your content blocker. I bet you haven't. I bet you kinda like it. ;)