Netflix vs On Demand Movie Channels

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Does anyone find Netflix to be a better, and cheaper, alternative to On-Demand and movie channels such as Showtime, Cinemax, and HBO? Ive saved a lot of money by getting rid of these channels and just paying $7 per month for Netflix. They have a wide selection of new and classic movies. Netflix even has tv shows so some people opt to get rid of their cable channels all together and just watch their fave shows on Netflix. What do you think? Do you find Netflix worth the money? Would you get rid of your cable channels and save money by just watching Netflix?