Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
I think you got this in the wrong thread and that you have answered your own question.
 
I, too, would love to be able to watch Netflix content on my iPhone. I note, though, that the article says nothing about DRM. If this version of "Silverlight" is actually just streaming in mp2 using the HTML 5 video tag, there wouldn't be any DRM protections. No way Netflix is going to allow that.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.