At Microsoft's press conference this morning, it was announced that Netflix will be streaming movies over Xbox Live for all existing customers. This means you can stream movies as part of your already existing account over your Xbox on your big-screen tv. Not only that, but by using the new Live Party option, you can watch these streaming movies with your friends, and they don't even have to have a Netflix account of their own. That's pretty sweet. That's all we know for now, but we'll keep you posted when more details drop.