I feel like this is a chicken and egg scenario between big media wanting more for their content and consumers wanting a better selection of first run movies via streaming. Netflix (at its current pricing structure I assume from the comments here) can't afford newer titles however people want a better selection in the streaming section. One's gotta give and I feel like they chose to go with letting the customer pay more in an attempt to secure better streaming titles. Unfortunately in the climate of hearing about monthly caps from ISPs I don't feel like it was the best choice. I am going to go back to physical medium, and somewhat debating if I even want to continue that. $12 is 3 decent titles from a console service or Amazon a month. A la carte will win the day.
edit: clarity of second sentence.