In order to use the service, an Internet connection of at least 1MB/s is required (3MB/s to stream video in its native resolution). There are no plans yet to offer HD content through such a service. Netflix claims that one browser applet download will allow customers to begin watching movies within 15 seconds of pressing play.
"While mainstream consumer adoption of online movie watching will take a number of years due to content and technology hurdles, the time is right for Netflix to take the first step," Netflix CEO Reed Hastings said. "Over the coming years we'll expand our selection of films, and we'll work to get to every Internet-connected screen, from cell phones to PCs to plasma screens."
The service will be rolled out gradually and should be available to all subscribers by July.
Source:
Ars Technica