This morning we announced support for Netflix service as being built-in in an upcoming software update to 360 service. As C|Net points out, there have been some workarounds for this in the meantime, but this solution will allow you to stream natively and without a dedicated Media Center PC.
Also announced is a shared movie experience that will let you watch a movie at distance with up to 7 friends at once. Major Nelson promises more details on this later today.
[via Channel 10]
I am looking forward to it, hopefully it'll fix the problem with fast forwarding and rewinding. It can jam up with the current workarounds.