NetFlix streaming content?

What is this Netflix thing with Microsoft that I hear about?
Anyone use this?

Do you need and XBox (or extra hardware)?
Does it work on Windows Media Center?
How mush does this cost?
How's the quality?

Netflix is great. I use it weekly on my Media Center PC. There are two ways to view Netflix on your home TV/Projector.

Option 1
1) Sign up for Netflix Service ($12 per month for unlimited viewing)
2) Get an XBOX 360
3) Install the free Netflix software, enter your ID, and start watching movies

Option 2
1) Sign up for Netflix Service ($12 per month for unlimited viewing)
2) Install the myNetflix plugin on your media center PC (google myNetflix from Anthony Park)
3) Click on the myNetflix plugin in media center to start browsing movies - click play to watch a movie.

That's it - works great.

...and I forgot about the quality question you had above. The quality depends on your connection speed. I usually get all 4 bars so the pic quality on my 96" screen is good - on my 55" sony it is very good. If I get 2 bars I come back later.