How would streaming Netflix work?

[loadedstatement]

A little research can go a long way ;) http://www.netflix.com/HowItWorks#faq4

 

You can exchange your DVD for another DVD from your movie list (Queue) as often as you want. Return the DVD in its individual, pre-paid envelope to get the next available title from your Queue. You can also instantly watch movies (some new releases) & TV episodes (including current season), streamed instantly over the Internet, right on your TV via a Netflix ready device. In addition, you can watch instantly online on your PC or Mac.