With Netflix Instant Streaming on the PS3 currently, you have to resort to putting a disc into your PS3 to see the "magic" happen. Come October 18, 2010 that will be a thing of the past as you'll be able to download a PS3 native app to do all of your Netflix streaming action. Additionally, the interface and functionality will also be brought up to speed with the competition as search of the Instant Streaming catalog is also coming along for the ride.

[Via PlayStation Blog]