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For me it depends on what it is... there are certain things that the nerd in me will always prefer to own as a physical item. Also, so far I have never had a TV and PC that would work together, and it's just not as comfortable watching a movie here in front of my PC. Netflix doesn't have everything either...
But on the other hand, these days I just can't afford to buy a lot of DVDs, CDs or books... and without services such as Netflix, I wouldn't watch very many new movies ("new" as in movies I haven't watched before).
I absolutely love Spotify, the only thing it's missing to be perfect is The Beatles. But other than that, it gives me access to pretty much all the music I could ever want to listen to, and the freedom to explore new music as well. I only buy CDs from artists I REALLY love - but I actually don't own a stereo anymore, so I listen through my PC speakers anyway, and I tend to look up the music in Spotify, rather than playing the CD.
I really don't think there is a real alternative to the physical book, not for me anyway. I really don't want to read from a screen - BUT I absolutely love audio books. But digital/audio books aren't available in the same way as music and movies yet, though... you still have to pay for each one seperately, so nothing has changed for me when it comes to books. But I would LOVE to see a streaming service like Spotify for audio books.
I do worry about what this will do to the different artforms in the future, though. I know many people like to say that art should be made for the sake of art anyway and not for money, but they forget that the fact that an artist CAN make money from their work is what is financing their future projects, and the reason why they actually have the time to dedicate to creating their stuff for us. And what about live music, will we even have touring bands in a few years... Honestly, I can't help worrying that we are destroying what we love with this "we will steal it if we have to pay for it" attitude that is really the reason why all of these streaming services etc. exist. I hope I'm wrong!
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