Despite some flaws, this is one of the killer Ipad apps. One of those apps that by itself almost justifies the cost of the IPad. Here's why:
1. With a strong WiFi connection, the movies load up quickly, stream nearly flawlessly, and look awesome.
2. Watching movies on an Ipad is a great experience. Curled up on the couch or in bed, on the counter when your making dinner (and then moving it with you as you go room to room), on the desk at the hotel when you're working. I would much rather watch video on the Ipad than a computer with all but the largest screen.
3. The choices of movies, tv shows, documentaries etc.. is outstanding. While more limited than the DVD collection, you'll likely never run out of stuff to watch.
4. Netflix just updated the app to work with the VGA attachment. Thus, you can hook the Ipad up to your TV. In theory you can do this with a laptop, but it's much more cumbersome.