Whoever thought petitioning and calling and e-mailing doesn't make a difference anymore (ahem, me) was wrong!
I just got this e-mail from Netflix:
"We Are Keeping Netflix Profiles
Dear <netflix customer>,
You spoke, and we listened. We are keeping Profiles. Thank you for all the calls and emails telling us how important Profiles are.
We are sorry for any inconvenience we may have caused. We hope the next time you hear from us we will delight, and not disappoint, you.
-Your friends at Netflix"
Edit:
The blog:
http://blog.netflix.com/