We knew it was coming and we were frothing at the mouth just waiting for it. I've got Netflix streaming on almost any device in my house with a screen.... now the iPhone and iPad can stream Netflix as well.
If you are unfamiliar with Netflix, it's an online service that allows you to rent DVD's by mail and also to stream a large selection (not everything, but a good selection) to any manner of devices that support it.
I am constantly streaming movies and TV shows so I don't have to wait for DVD's to arrive by mail. This feature alone has made Netflix a great service for me.
You can get the streaming app via the iTunes store at this link: Netflix App