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Depends on how much that money is worth to you vs. how much that content is worth to you.

Hulu also works on TVs.

If I didn't love sports, and if an easy-to-use, unified interface wasn't crucial to my wife's acceptance, I could replace my $150+/mo satellite package with about $40/month of netflix, hulu, itunes and amazon.

The guy who wrote that article is a millionaire.

And that is relavent how?

I am sure he got that way by not spending money he deemed as frivolous just to spend money.

I am not a millionaire but I spend money on services I deem necessary for me.

The relevance is obvious.

"it seems like a high price"

...

"The guy who wrote that article is a millionaire"

you're paying for the immediacy of certain content, instead of having to wait for netflix.