Netflix is a free app for the iPad that will be available on launch April 3rd. If you're a netflix subscriber you can watch instantly anything in Netflix's online collection directly on your iPad. You can stream TV shows and movies just like you would on your computer.
You can watch as often as you want as it's part of the Netflix unlimited membership if you have it. You can resume watching where you left off on your computer. You can also browse and manage your quenee from the app.
This is the official app from Netflix that is completely free, more interested in the iPad yet?
It's Official As Seen From Our iTunes Store Database: /ipad-app/363590051