If you check out the reviews, customers have only rated it 3 stars, and there are some criticisms. Personally, I haven’t experienced any problems. I was able to access my instant queue, add movies, and watch movies without any problem. Functions such as rewinding and fast forwarding also worked flawlessly. I’m not sure what’s going on with the other users, but it works just fine on my iPhone 3gs.

The best part is that the app is free and you can link your current Netflix account without any additional charges. It really is amazing. Think about it: For your regular $8.99 Netflix membership fee, you can stream tens of thousands of movies, TV shows, concerts, and documentaries straight to your iPhone, iPod, or iPad. I’ve had it a day, and it’s already my favorite app.

There is one thing I should warn you about: If you don’t have an unlimited data plan or wifi, use it cautiously, or you will get a huge bill.

The new model will be available on June 24th, and will be available in a 16gb model for $199, and a 32gb model for $299 (both with a 2 year contract). To top it off, Netflix also announced a new app that will be available this summer, which will allow users to stream movies on their phone. Unfortunately, the news isn’t all good.

If you’ve been following tech news lately, then you know that AT&T is going to eliminate their unlimited data packages. That leaves new subscribers with a choice of a $15 package which includes 200mb of data, and a $25 package which allows 2gb of data. AT&T claims that the vast majority of its users are below the 2gb level, but with apps like Netflix, more people will undoubtedly be joining the 2gb+ club. It’s unfortunate that AT&T’s changes to its data plan has put a damper on Apple and Netflix’s good news and innovation.

If you currently have an unlimited data plan, you will be allowed to keep it. If you don’t, do your best to use wifi!