I received an Xbox360 from work and thought, "Sweet! I now have an approved Netflix device." If you don't know, you can connect your Netflix account to a few approved devices: an Xbox360, a Raku video player, an HD Tivo, or any other Series 3 Tivo.
To make a long story short, within 5 minutes, I had my Xbox Live account and a Netflix account and connected them. Now the test was to see how nice the picture looks and how quickly it was to play. For those who don't know, I made a living creating streaming media networks and the media that played on the infrastructure. So, I know about pushing video around the Internet.
"Wow" is all I can say. Netflix, your streaming media is absolutely gorgeous. Now, I can watch a part of the Netflix library on my Xbox360. It is incredible. (Oh yea, and the picture is great, too!)
Today, I slipped in the game Bioshock and was utterly amazed at how nice the picture looks. I've played the every gaming system from the Odyssey to the Wii. When I watched the opening portion and then started to play the game, my mouth dropped open. This system is going to be nice to see how it develops. And, the next gaming platforms from the big gaming companies should be mind blowing.