You don't get games with Netflix though I don't think, it's just movies/TV.
If its like their other operations outside of the US it'll just be a streaming service. It doesn't make much sense for them to invest in distributing discs when that business is on the wane.
They recently tried to split the US business in two, in an attempt to spin off the physical rental service with a second company called "Quickster". There was such an outcry over it that they abandoned the idea, but obviously they are indeed trying to stay out of that side of things.
If the service is anything like as good as the US one, with full TV series available on demand even on console/TV apps, I'm in. If it's like Lovefilm's streaming service, meh.
I stream stuff, sometimes: http://www.twitch.tv/mogster85