I have the basic netflix packages. for $8 it isn't bad. they have a decent amount of shows that I'll never get bored of. consistently I find myself watching random king of the hill episodes and drinking a beer before going to bed hah.
in terms of movies, there isn't much for "new releases." they do have some, but I wouldn't bank on it. if you're into documentaries or foreign/independent films, it's definitely worth it. I'm always finding things I've never heard of that pique my interest.
pros: random tv shows, documentaries, foreign/independent films, and I forgot totally garbage/hilarious movies
cons: nothing new/"popular"