The wait is now over folks. The extremely popular Netflix video streaming app, that’s been rocking the iPad since we first unveiled it in April, is now available on the iPhone.

Indeed, an update released last night makes the app universal, which will now allow you to run it on the iPhone and iPod touch. It works over 3G, which is very convenient. Yet, you should be careful with it as it burns a lot of data, despite being in low-res and not packing support for Retina display.

Netflix for iPhone, iPod touch and iPad is available now, free of charge, on the Apple App Store.