Works amazingly well for watching something front to back if your download speed is fast enough; you'd never know it wasn't being streamed. The hardest part is finding a good torrent for what you want to watch. Ironically the Netflix catalog is one of the most easily available to pirate since people rip it directly from web.
And I'm not sure most people actually care if their home hardware is being used for whatever by the service they're using, or else there'd be pushback on electron apps from more than just HN.
The sense I always got from Netflix's P2P work was that it was heavily tied into the political battles wrt the BS arguments that Netflix should pay for peering with tier 2 ISPs. Did this work there continue much after that problem went quieter?
Good quality, barely any buffering.
The niche content may be too difficult for a "live" streaming experience.
So it turns out decentralized multi routed is not a good solution for video streaming.