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The service will arrive on the Sony console next month and will be free to PS3 owners who already subscribe to Netflix (or $8.99 a month for those who don’t) — and unlike on the Xbox 360, people will not be required to pay the equivalent of the yearly $50 Xbox Live Gold membership to access it.

Initially, PS3 owners will access the on-demand Netflix content via a free instant streaming blu-ray disc (people can already sign up to receive the disc as soon as it’s available). It’s assumed that later a Netflix application that resides within the PS3’s XMB will become available — though how closely this mirrors the one on Xbox 360 remains to be seen, as Microsoft had a large hand in producing that.

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