Sorry to say, I'm about 90% confident that netflix won't play movies on the eDGe.
The android APK file actually includes 5 different (IIRC) linux libraries that are processor dependant and none of the supported devices uses a PXA processor. The application will crash when linux attempts to load the library. Basically, it appears that netflix android apps are really hybrid linux-andorid apps.
Not surprising since reading and rendering real time video at an approximately 720p resolution would be rather taxing for a java app (IMHO).