Blockbuster has officially announced their set-top box today, as was rumored a few weeks ago.
The box itself, the 2Wire MediaPoint player, will be available for free with the advanced purchase of 25 (or 50?) prepaid rentals for $99. Additional rentals will be $1.99 each.
This differs from the Netflix model, which is included for free with a Netflix membership of $9/mo and up. I just signed up for the Netflix streaming to my XBox 360 so I could give it a try and see how the service was. I will report on this in another post soon.
In any case, do you think Blockbuster has a chance here? I think they are too late the game, but if they can get new releases out there for $1.99, they may just have a chance. Time will tell.