Yes the price is right for Gamefly, the only problem with them is the waiting times and lack of copies of new big blockbuster titles. Sometimes newer games you will want to play will be unavailable for weeks at a time on most occasions.
Gamefly works great if you don't want to just play newly released games, otherwise it's kind of a crap shoot.
Bigboi500
You gotta be a little proactive about new releases. Get them in your queue before they release in the number one slot and you'll get them pretty consistently. Also make sure you have a space open for a game to ship when they release. I've screwed myself a couple times forgetting to do that. Otherwise you shouldn't have a problem. I log in all the time and check on game availability and usually manage to tweak my queue in my favor of getting what I want most of the time. If there's a really high demand title you might end up waiting a while for it but most of the time it's not unreasonable if you get in there and make it happen.
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