To speak to Blockbuster's service--I've been a member since last September, been splitting it with two other people for the three disc plan [which was 18 dollars at the time so we're grandfathered in]. I'm someone who looked to the service as a great way of playing a lot of older games and [eventually] newer stuff, which is to say I wasn't going to feel bad if I couldn't get new releases in their first week or even month.
First of all, if you don't have a Blockbuster near you I don't think it makes a lot of sense in the long run, especially if you want to rent newer stuff. They don't allow you to rent multi-disc games at all, and you can't rent a new game within about three months of release, not because of availability but because Blockbuster straight up won't let you. As of tomorrow you can rent Red Faction: Armageddon on the service, and next week you can start renting Madness Returns, for example.
I had a great run with the service for a long time, but at this point most of the games in our queue are on at least short or long wait--50 out of the 130 titles we currently have on the queue are listed as "available" and the list spans the entire 360 library as far as years pretty much. I rarely get games on short wait shipped to me, which is really frustrating. I ended up with a game that was approximately 20 slots down on my queue--Singularity--and I've yet to play it because I didn't really plan on playing it right now, but there aren't many games that excite me enough to just ship it back. Also most of those "available" games are games my roommate is interested in, so that doesn't really help.
It's probably an okay alternative to GameFly, especially if you have a store nearby since you can bring your rentals to the store and they'll scan them and automatically get the next available game shipped to you. They also appear to have more shipping facilities than GameFly which I've heard is a big problem with that service. At this point though Blockbuster only feels competitive in terms of pricing and proximity, not really anything else, so Qwikster is sounding really appealing to me right now depending on what that price ends up being.
I haven't tried renting DVDs from Blockbuster as I also have a Netflix account but... I have a feeling Qwikster is going to be better about DVDs, just as a guess. Hope that helps any of you out who were curious about Blockbuster.
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