Update: As mentioned in my earlier story “TV shows, movies via Netflix coming to PlayStation 3,” Netflix said the service begins today!

The online movie-rental service allows Netflix members to download movies straight to the game console and watch them on a big TV.

Of course, it’s not free but it’s cheaper than any paid TV service out there. Members must pay a minimum of $8.99 per month. That fee gets viewers access to an unlimited number of movies and TV shows that are available on Netflix’s streaming service.

Netflix offers the video streaming service to certain electronic devices, including the Roku players, Microsoft Xbox, TiVos and a few TVs and Blu-ray players. But that means you have to buy a device in order to get access. Adding the PS3 opens the service up to 9 million PS3 owners.

In order to activate the service on a PS3, users must order a special DVD from Netflix and run it through the console. Here’s the link: www.netflix.com/NRD/PS3.

Earlier on web TV:

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