Hello Peerflix, good-bye Netflix

Just when I was on the verge of signing up for Netflix, like everyone else, I came across an interesting yet stunning new company called Peerflix. How are they different? First, they advertise no hidden charges, no sign up fee, no monthly fee, and no hassle.

Here's how to get the dvd's you want:

• Step 1: Sign up for free. List the DVDs you have in your collection and submit it to their database.
• Step 2: Create your own "want" list of DVDs.
• Step 3: You will receive notification when someone else wants one of the DVDs in your collection, then you send them the DVD in a "trade" envelope. Plus you get trade points, earn enough and you can guy a DVD for free.
• Step 4: Pick the DVD you want and trade

Has anyone tried this service? How does it work? Keep me updated with your experiences. I will sign up for this too and let you know how it turns out.