It’s official–Netflix’s streaming capabilities will only live and breath on Xbox 360’s.  Microsoft struck a very smart deal with Netflix (and squashed previous rumors) when they announced that their Xbox gaming system will be the sole game console provider to allow Netflix streaming with the Netflix Watch Instantly feature.  This is big news on the streaming movies/TV shows front.  If people are looking to stream Netflix contentto their TVs, they only have one option when it comes to buying a game console.  Another point for Xbox, cha-ching!  See the full press release after the break.

[Via Engadget]

Netflix Partnership

This exclusive partnership offers you the ability to instantly stream movies and TV episodes from Netflix to the television via Xbox 360. Xbox 360 will be the only game console to offer this movie-watching experience, available to Xbox LIVE Gold members who are also Netflix unlimited plan subscribers**, at no additional cost.

From the Netflix Web site, simply add movies and TV episodes to your instant Queue, which will appear automatically on the TV screen via Xbox 360. Once selected, movies will begin playing in as little as 30 seconds. In addition to instantly streaming Netflix movies to the TV, Xbox LIVE Gold members can browse and rate movies, fast-forward, pause and rewind, all using either their Xbox 360 Controller or Universal remote.