Netflix now streams to the iPhone and iPod Touch.  I do not own an iPhone, but performance seems to be good with my 2nd generation iPod Touch.  I have only watched about 15 minutes.  Not sure that I would want to watch too many full featured films on the small screen, but it works!

I like using streaming feature via our Wii console connected to our TV.  Netflix continues to add more content to their library.  I could see a point at the future where they stream all of their content rather than sending DVD’s.  The technology is there, but the contracts with the content owners will take time.  At $9 a month for one DVD at a time and unlimited streaming it seems like a decent deal to be able to legally watch movies.