Rumor alert: According to “an industry executive familiar with Netflix’s plans,” said company is planning on releasing an app for the iPhone and iPod touch that will allow users to bring their Watch Instantly queues on the go.  The feature will most likely be limited to WiFi-use only.  Attemping to stream full length movies or TV shows to your iPhone over an unstable 3G connection could be risky.  Although this rumor feels shaky at best, it is something to cross your fingers and hope for; imagine a world where you could watch your favorite movies and TV shows on your computer, Xbox, and on the go with iPhone/iPod, granted you have a Netflix account!

[Via Engadget (image, too)]