Around where I live, there is still a glimmer of hope for the time being. I'll at least take advantage of my movie/game pass until it's time to hit up the liquidation.
No matter what, it is a crying shame. Blockbuster has had something that I personally think makes them stand out and that is a reasonable offering. Used games and movies are a great deal there, while gamestop is still charging what Amazon.com wants for a new copy. And used movies? Blockbuster is a living GOLDMINE for movies, including cheap blu-ray prices used.
Bah! If anyone should have gone into bankruptcy, it's the likes of Gamestop. What's the point when online prices consistently have them beat and you cannot rent games either? Or what of "Redbox?" Those things do not have hi-def movies, let alone good ones...