We watch instant view movies all the time. No problems to report. I don't have a TV near my sewing machine so I often do Netflix things while I sew. We love our Netflix!
We have DSL. No download wait. No jerky movies. Our computer montior is pretty nice so the picture is good.
Somehow (I have no clue how) you can send Netflix directly to certain TV's. As far as I know, you can't actually save them to a computer and burn the disc. That is probably due to piracy laws.
The selection is excellent. Brand new movies to super old movies and many many television shows.