BREAKING: Netflix comes to the Xbox 360

This fall, with the release of the new dashboard for Xbox 360, you will finally be able to stream Netflix Watch Now content right to your TV.

That’s right. Announced today at the Microsoft Keynote at E3 2008, Netflix partners with Microsoft to bring thousands of movies right to your console. The feature has been rumored for a while now and is a welcome addition.

More information as it becomes available.

Xbox360Fanboy – Netflix and your 360
Kotaku – Netflix and your 360