It has been two weeks since Netflix announced, much to the chagrin of its loyal user base, that it would be hiking its monthly subscription prices by 60 percent for users who want both streaming and discs. How have things been going for the company since then? If you were to ask some parts of the Internet, Netflix is about to crash and burn. But according to Netflix CEO Reed Hastings, there haven't been very many complaints.

Netflix announced earlier this month that it was splitting out its streaming and DVD plans and pricing them at $7.99 apiece per month—up from $9.99 per month for streaming and one DVD at a time. Assuming you want to keep both services (and not everyone does), that's $5.99 more per month for the same level of service, or $71.88 more per year. The company said it had decided to bump prices because there's still a large demand for DVDs, and splitting the services would make better financial sense for the company.

The immediate reaction was essentially split into two camps: those who shrugged and adjusted their account preferences as needed and those who raged out and swore they'd switch to something else. When I asked on Google+ about who was really switching, however, the large majority of the 70-plus respondents said that they weren't dropping Netflix.

"There isn't really any competition in this space. People talk up Redbox but it's not even in the same league," a user named Roy Watts commented.

"Still way too many things in our DVD queue that aren't available for streaming. We'll eat the extra cost for now," another user named Eric Farris said. "I'm not canceling. It's a great service, it's worth the money," David Warren added.

That's not to say there weren't a handful of unhappy users who claimed to have cancelled their service as a result of the price hike. Hastings acknowledged those users during the company's fiscal earnings call, noting that the new prices would slow Netflix's growth numbers for the upcoming quarter—the prices go up for existing subscribers in September—but seemed optimistic that growth levels would bounce back. However, the remarkable part is that there apparently hasn't been much complaining in his direction.

"Believe it or not, the noise level was actually less than we expected, given a 60 percent price increase for some subscribers,” Hastings said during the call, (Seeking Alpha has the transcript). "We knew what we were getting into, we tried to be as straightforward as we could, and that has worked out very well for us."

Indeed, while Netflix's decision remains somewhat unpopular, the company did head off most reasonable criticism at the pass by being up front and swift about it.

That certainly hasn't stopped the otherwise anemic competition from attempting to swoop in and poach Netflix's users, though. Immediately following Netflix's announcement earlier this month, Blockbuster sent out a statement calling the move "shocking" and offered Netflix users a 30-day free trial to one of its two Total Access rental plans (essentially a knockoff of Netflix's DVD-by-mail model), which offer benefits like unlimited in-store exchanges and no additional charge for Blu-ray movies.

Similarly, Walmart announced on Tuesday that it had fully integrated VUDU's movie streaming service into Walmart.com, allowing users to rent or buy movies and TV shows from the company's website. VUDU's services are available on a plethora of Blu-ray players, Internet-connected HDTVs, and a handful of other set-top boxes, which would put it into slightly more competition with Netflix's instant streaming offerings. However, VUDU's service is more akin to iTunes (with its buy-or-rent model) than Netflix (subscription model), so even VUDU can't be swapped for Netflix without asking users to change how they consume content. And then there's Amazon's Instant Streaming service, which is just about as close as one can get to Netflix's streaming side, but the selection is still somewhat lacking by comparison.

The truth is that there aren't many services that offer the same combination of offerings as Netflix with as wide a selection and on as many devices, so Netflix still has room to play before really upsetting its users. While there may indeed be some shifting around of subscribers when Netflix's next fiscal quarter comes to an end, we wouldn't be surprised if things returned to business as usual soon thereafter.

Listing image by Photograph by Jamie