I got Netflix sorta working... Using the official Android Market Build, and after changing the /system/build.prop as documented and then rebooting I was able to play one video (only let it run a minute or so) The next time I launched Netflix it didn't give me an error but just displayed a black screen.
Not sure if is working consistantly for anyone yet or not.
Speaking of video, what is the best current ROM for fast video playback? I am running Customized Nookie Froyo eMMC 0.6.8 3/18 build and it seems to be pretty rock solid with everything but occasional wifi issues after waking from sleep. However the video playback seems pretty slow, including some stuff I transcoded for the Nook, netflix, etc. Can the Nook color do decent video playback using a different ROM?