Monday morning Microsoft announced upcoming support for movie rental service Netflix as part of its system software update for the Xbox 360. Console owners who are also Netflix subscribers and have an Xbox Live Gold membership will be able to take advantage of Netflix's Watch Now streaming movie service on their consoles without any additional software or hardware.
Xbox 360 users and their friends will also be able to view streaming movies together. This means you can watch and control a streaming movie with up to seven other people as part of a party -- something not possible on the browser-based iteration.