Disney Invents Netflix Instant Watch

Basically.
Pounding another nail into Blockbuster's already-impenetrable coffin, Disney today announced plans to follow through with entertainment's inevitable transition to the internet. The company is currently researching a technology they've dubbed Keychest, which would allow would-be Lion King watchers to "pay one price for permanent access to movies or TV shows that are stored on a remote server and never downloaded -- but are always accessible via a wide variety of devices, including cell phones, cable services, PCs and Blu-ray players."
No more proudly showing fellow movie nerds your expansive wall of DVD cases, guys; now you'll have to show them your hand-written list of Keychest passwords (obscuring the last four digits so they won't steal them)! And now when Disney decides one of their old movies is blatantly racist (à la Song of the South) or otherwise unfit for you to watch, they can just stop letting you do so, with or without warning and/or refund!
I don't trust it, Disney. What kind of limitations are going to be placed on this so that we don't trade keys with each other? And if movies are all online all the time, what idiotic excuse will you make to offer special editions for two weeks only? Thanks, but no thanks. I think I'll stick with things how they are now, where I wait for your films to come out on DVD then illegally download them. Or just ignore them altogether.
