So what is the catch on this? I am guessing there are legality issues and/or they extremely limit your library. No company can afford to offer what they claim to be offering without some serious cash behind them.
Additionally, we have a completely free collection of movies/TV shows aggregated from Sidereel, Hulu, Netflix, Amazon, NBC, etc. At the very least, you can use this as your one stop to browse all the movies/TV shows you can stream through other services (for free, or if you have their subscription), receive recommendations, track with friends, etc.