After months of speculation and rumors, Microsoft just announced that it's partnering with Netflix to allow Xbox 360 owners to stream movies from their Netflix queues for no extra charge. Microsoft says the 360 will be the only game system that allows Netflix access for no additional cost -- which isn't entirely accurate, since it sounds like only Live Gold members will get access. Streaming movies can also be shared with your Live party, allowing you to watch content together. Users will have instant access to their Netflix instant access queues, but it's not clear what resolution the content will be streamed at -- we'd guess it's roughly the same DVD-quality res that Roku's Netflix streamer is getting for now, but hopefully that'll change when the service launches in the fall with the new dashboard.

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Microsoft brings Netflix streaming to the Xbox 360 for Live Gold members