How many times have you said, "I would totally buy an Xbox 360 if I could rent movies from Netflix on it."  Well for all of you that walked past Microsoft's box of gaming, you are now in luck.  Netflix will be supplementing Xbox's media library with over 10,000 additional downloads. 

You won't be seeing the service until during the holiday rush, most likely late November or Early December.  You also will need to be a Netflix subscriber and obviously an Xbox Live Gold member to be able to download anything.  You will be able to download TV shows as well as movies.

The movie rental industry has been struggling to remain profitable in the age of online rentals, as the competition has pushed prices down low enough that little profit is being made.  Blockbuster and Netflix have both been trying every thing they can to get more users all the while cutting costs.  Maybe PS3 will team up with Blockbuster. This leaves only one question. Who will partner with the Wii?

http://kotaku.com/5025197/more-on-the-netflix360-deal