Activate Netflix. Win prizes. Be happy.

There's no better time than now to give Netflix a test drive, because Microsoft and the famous red movie dealer have partnered for an Activate and Win promotion where all new (and even current) Netflix subscribers have a chance to win fabulous prizes. We're sure the promotion has something to do with the fact that the NXE-enabled Netflix streaming feature is available on the 360. We're almost positive.

To enter the giveaway, simply sign up for Netflix and download the registration gamer picture off the Marketplace. Only one winner will be selected to take home the home theater prize, but even "losers" will have something to smile about: They will be subscribers to a great content streaming service. Feel those warm fuzzies?

This article was originally published on Joystiq.