Currently an iPhone user cannot stream movies from their instant queue on Netflix to their iPhone and attempting to play a movie on your iPhone will result in you receiving an error message of “streaming is not supported for your operating system.”

According to an article over on iphonefaq, Netflix uses Microsoft Silverlight and back in November of 2009, Microsoft did demonstrate that iPhone compatible video can be viewed via Silverlight on the Apple iPhone.

There have been a few rumours of a Netflix app for the iPhone in the past, but as yet Netflix hasn’t adopted the feature. However, apparently as of this month, Netflix is looking at the interest form iPhone users to see if they should be looking at forging ahead and develop a Netflix app for the iPhone.

So there you have it, we may yet see a Netflix iPhone application hit the Apple iTunes App Store at some stange in the future, depending on juts how interested users would be.