Netflix has finally made good on their promise to release a video app for the iPhone and iPod touch to match their early iPad offering. Now Netflix subscribers can stream their Watch Instantly shows to their handheld devices, as well as search and manage their queue. In addition to renting DVDs throuh the mail, Netflix has a large library of films and TV shows available to watch via streaming video. Subscribers to the service get unlimited access to as much of the “Watch Instantly” selections as they want.

Joost, a video-streaming service that was part of the Big Convergence of Media (“watching TV on your computer” to you and me) launched an iPhone/iPod touch app last year that frankly speaking, stank. It was buggy and crashed a lot, and the nicest thing you could say about the interface was that it was horrid. Recently updated to version 1.1, the app has corrected many of the problems that plagued the first release, and while it’s still not the friendliest program in the world, it’s certainly far better than it was.