The mistake Netflix is making now  March 14, 2012: 5:00 AM ET
Yes, the streaming company pulled itself out of a tailspin of
bungled decisions. But now it is on the brink of making an even
bigger misstep.  By Kevin Kelleher, contributor  netflixFORTUNE
– For most of its history, Netflix had the rare knack of taking
bold steps that proved shrewd in retrospect. Then, last year, it
famously bungled a series of announcements before eventually
righting itself. The company may be taking another misstep:
moving away from its disruptive business model for one that,
increasingly, resembles a traditional cable company.  Netflix
(NFLX) CEO Reed Hastings has said he doesn't want to take on
cable giants like Comcast (CMCSA). The reality is that, for many
years, Netflix has offered its customers a welcome refuge from
cable television. Sure, the number of homes with pay-TV is
hovering around 100 million – about 87% of the total. But
analysts expect 12 million homes to cut the cord within three
years.  And why not? Services