full blown comeback
I think NFLX has come back, as far as a company. As far as the stock, I think it is currently over-valued at today's market price. I do not see a huge upside from today, but I could be wrong. I'd definitely wait for a pull-back.
The reason the stock blew up today is because NFLX posted unexpected GAAP profits, where the street expected GAAP losses on earnings. I'm not here to bash NFLX, I love the product, use the product. I'm just outlaying the risk with jumping on the bandwagon today at this market price.
I think NFLX stays around for 3-5 years, unless they diversify the revenue streams (I think the service they provide is lower-margin and highly replicable).