Netflix FTW?

Netflix has announced a new hardware interface for your TV. This silent little box allows you to view titles in your Netflix instant view queue that is currently accessible via your computer. The little box costs $100 and you can use the instant queue service an unlimited amount for as low as $9 a month. They have over 10,000 titles already available for instant view and that number is growing every day. That is pretty amazing and on paper it looks really great but there are a couple of issues.

1. The box has an HDMI output but only does 480p....basically DVD quality.
2. The box only has 64MB of local storage which means that it is streaming all the content from Netflix over you internet connection. That just sounds like a recipe for painful stuttering/buffering.
3. The quality of the Netflix Instant View titles is not great, good enough to watch on a laptop/desktop computer but on a 50" TV....may not be so good.

Hopefully this is just the first generation in the long line of Netflix hardware. Of course stuff like this will be totally crippled when your asshat ISP starts capping your usage or charging you by the byte.