Netflix streaming from iPad or iPhone to your TV via iOS 4.2 AirPlay? That's what Mark Gurman is showing off.

We connected some speakers to an Airport Express and the audio from the Netflix film wirelessly streamed and played perfectly with absolutely no hiccups. When the new Apple TV launches, you’ll be able to wirelessly stream both the video and audio to your television set; that’s right, I said television.

Now if only they let Hulu Plus do that...

[9to5Mac]