Kinect control and all, hooray! If you haven't used it yet, Kinect works great for stuff like Netflix.
Only reason to turn PS3 on is now for Blu-Ray.
Glad they got this worked out, makes the idea of a cheap Xbox-based STB that doesn't do gaming sound a lot more feasible now that they've got the relevant players on board.
More people are already using it for streaming video and other services than gaming, all while being the leading game console on top of that.