Apple iPad 2 and Netflix

Although I'm probably never going to buy either an iPad or the new iPad 2, I saw this video on YouTube and started thinking about the possibilities of watching horror movies on the thing.

I have no experience with Apple products other than an old G3 iBook which I bought from ebay and turned into a glorified DVD player so I don't know if the iPad is even capable of playing Netflix streaming movies or if you have to download everything through iTunes. It would probably be the greatest invention ever made for me if it could replace the Acer TravelMate that I currently use for Netflix.

Anyway, I just thought I'd share the news about this product. I went to bed as soon as I got home from work and didn't watch any films at all today. According to my Netflix queue, the next horror DVD which I will be watching is "The Children" (2008).

I've only got 11 films in my Netflix queue at the moment:
The Children
A Perfect Getaway
Open Your Eyes
In the Womb: Cats and Dogs
The Kiss
Doghouse
Fish Tank
The Apartment
Thesis
Mesrine: Part 1: Killer Instinct
Vengeance

I'm running out of new stuff to watch. Any suggestions?