Why wait? Application allows Netflix to Xbox 360 streaming

With rampant internet speculation calling a Netflix Xbox 360 portal a possible dashboard feature addition, one group of programmers has decided waiting is for suckers. Using a Media Center based PC, a Netflix account and an Xbox 360 an application has been developed to stream the video service to our favorite console. While unsanctioned, the application does work (horribly slowly that is) and makes us wish the Netflix rumor would become a reality. Take a look at the application running after the jump and tell us if a Netflix portal on Xbox 360 is something you'd want for Microsoft's console.