The newest update to iTunes Netflix app has some interesting new features.
The newest Netflix App runs on iOS 7.
You can now get 1080p HD video streaming on Netlfix via airplay on Apple TV or on your Ipad. You will still need Apple TV tho.
Older Ipads and others devices that can;t run iOS 7 will continue to stream video in 720p (which is still pretty good)
Get newest Netflix App free on iTunes HERE