Netflix has a ton of content, but I feel like at least 70% (and I'm being generous here) is very much 'meh'. There are some people who are happy to watch 'meh', and that's awesome, but I find myself re-watching old (but good) TV series, because the good TV show I watched has ended and I haven't found anything good yet.
So, Friends it is, I guess...
If they had the ability to create good content but were lacking the finances, they could take it from the mediocre content.
For example: http://flicksurfer.com/ If I could just get pretty much exactly that interface in the Netflix app, plus toggles for "I've seen this, don't show it again unless I look for it specifically" and "I will literally never want to see this, never show it to me again", Netflix would have much higher value to me.
I cancelled after they dropped the Marvel shows. It's really one of the few things I liked/watched on there.