Amazon has the Western Digital WD TV Live Plus Media Player WDBABX0000NBK-NESN for $62 with free shipping. Features Netflix streaming, supports DVD navigation, HDMI port, and is Wi-Fi ready (needs adapter).
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This is a great product. It supports subtitles. I wish the next model can automatically download subs from the internet.
Make sure you use the BRAD firmware if your streaming from network.
The WD official firmware is horrible.
http://wdlxtv.com/
I find the latest stock firmware to be pretty capable, but b-rad's add a lot of useful stuff and unlocks some things too. First thing I found that would support subtitles correctly. My Samsung Blu-ray player claimed it would, but I couldn't get them to work over DLNA or off a local USB stick. The WD will do DLNA, but I like it because it will directly read over CIFS, and with custom firmware, NFS as well. The new WD hardware, their Streaming Media Player ($~90), does NFS with the stock firmware.
My order has been stuck in "Shipping Soon" status for a couple days, and now that they're back in stock it's still not shipped.
i wish the netflix interface didn't suck