Netflix VP Eric Besner has announced that Netflix will soon offer a set-top box that will allow you to download movies.
For example, I want to get the newest rental available and instead of adding it to my online Netflix queue I would just add it to my TV queue and it would download overnight so I could watch it the next day. The set-top box will be connected to the internet and to your TV and will allow you to watch movies on your TV.
The business model has not been worked out which means that pricing, hard drives, how long you keep the movies, etc are unknown.
VP Besner said this is just one of Netflix's internet plans.