Those who are both Xbox Live Gold and Netflix subscribers will be able to stream over 10,000 movies and television shows at no additional cost. Gamers will be able to watch TV and movies with their Live party.

"From the Netflix Web site, members simply add movies and TV episodes to their individual instant Queues. Those choices will be automatically displayed on the TV screen via Xbox 360 and available to watch instantly," Microsoft explained.

"Once selected, movies will begin playing in as little as 30 seconds. In addition to instantly streaming movies to the TV, Xbox LIVE Gold members can fast-forward, pause and rewind, all using either their Xbox 360 Controller or Media Remote. In all, the user interface creates a highly personalized experience that puts viewers in control."