You say you just picked up a new iPad and wanted to sit back and watch your favorite episode of Lost or perhaps a blockbuster movie? If you are a Netflix member you can do just that with the official Netflix iPad application! [iTunes Link - Free]
All you have to do is download the Netflix app from the App Store and you can instantly watch TV shows and movies directly on your iPad. Once you start the app you will be taken to the Netflix website that seems to be optimized for iPad and you will enter in your password and username and everything will be familiar. If you start to watch a movie from your computer or TV and want to resume it on your iPad, you can. Even better is that since the app uses the web interface you have the ability to manage your que or make any account adjustments directly from your iPad.
I've been playing around with it for a while now and must say it is very snappy with no lag in the UI and the video content streams flawlessly. This is a must have for all Netflix users out there!
Screenshots after the break!