Netflix on iPhone?

Rumor has it that Netflix is planing on having their new app allow users to stream video to their iphones.  Being a Netflix custom myself, this would be an awsome feature.  I can imagine docking my iPhone to my TV and using it to send video from the iPhone to the big screen (I’m sure the quality might be an issue), but what about one of those portable screens in the car?  I can think of a few different ways i would re-display that video on demand.

But alas, I don’t think this is going to happen, I mean, how many other apps has Apple declined due to their non definative rules on allowable apps?  Google Voice was just the most recent app that got all the attention for being rejected, but how many other apps since then?  Reports say over 1000 apps have been pulled / rejected by Apple so far.

So the question is, will Netflix get its chance to stream video to my iPhone so I can find creative ways of watching it?  Or is this just another pipe dream for us Netflix fans?

Time will tell, but I have a feeling I already know the answer to this one.