Netflix streaming video player is now available for iPhone and iPod Touch. The official press release details the release today. The Netflix app is free, but you will need a Netflix account (starts at $8.99 per month) to stream video content. The great thing is that this account includes unlimited streaming of movies as well as one DVD per month.
With this Netflix app you can stream your live videos via WiFi and 3G. Video content includes both movies and TV shows and as Netflix gets more popular they will be adding more content too. You have full control over the streaming video too and can fast forward and rewind as you like. You can even start watching on your TV at home (through a device like the Xbox 360 or Roku) and then pick up right where you left off on your iPhone or iPod touch.