FiveDime already mentioned the reasons as to why Netflix is only soso. We also don't get a lot of the services that's available in the states.
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What I wish Netflix would do is offer various premium services and packages. I would gladly pay $29.99 or $39.99 a month for all the latest TV shows and movies. No more having to set the PVR to record a show I wanted to watch - just stream it when I feel like watching. This is obviously the way TV will be done in the near future. Then I'd drop Shaw for TV, upgrade my data plan and switch to Netflix (or maybe some future competitor) for all my viewing needs.
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This is exactly why Shaw is enforcing these caps now.