I believe this is old version of Western Digital WD TV Live, not "Plus".
The Plus version can be found in this link, and its price is $129.99
http://www.newegg.com/Product/Product.aspx?Item=N82E16822136593&cm_re=hd_media_player-_-22-136-593-_-Product

I have this one and the plus version. This version is quicker.

#1 is right. This is not the plus and cannot do Netflix streaming.

For $9 more get the live plus from amazon.

http://www.amazon.com/Western-Digital-Media-Player-WDBABX0000NBK-NESN/dp/B003MVZ60I/ref=s11?ie=UTF8&qid=1288649542&sr=8-1

Just got a Roku XD/S with cables for $99.99 +S&H.
\http://www.roku.com/netflixplayer/
Google "netflix+Roku+$20" get a $20 discount from netflix for new customers.