Peerflix, an online site for trading DVDs, launched a major site update with a new cash-based trading system and community features. I think the move from Peerbux to cash was smart, and the ability to "cash out" (if you have a $100 balance) makes Peerflix a simple and easy way to sell your unwanted movies or acquire news ones for your collection.
Peerflix has added new community features, including member reviews, tagging and public personas, which are being rolled out over the next few days.
Peerflix also announced that they have acquired patent #6,847,938, Method of exchanging goods over the internet. This is a rather broad patent that covers, "A method and system is taught for coordinating the exchange of goods between parties over a communications network such as the internet. Users of the system can interact with a central computer to input data regarding items that they offer for exchange, as well as search criteria describing items that they would like to receive in exchange."
Peerflix has more than 250,000 movies (35,000 titles) available from several hundred thousand members, and they charge 99 cents for every movie you receive (with postage the cost is about $1.50 per trade).
I'll be trading some movies through Peerflix in the coming weeks, and I'll write a review of the updated service.