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My netbook runs HD video good when I overclock it (it is a feature in the bios). I haven't had a problem with it. I got a netbook so I could lay in bed and do some classwork online.
Streaming on the 360 was good, but moved onto the PS3 version since my 360 got hosed again plus didn't want to buy live again. I heard the Wii streaming works great too. If netlfix only did games too.
I don't stream much on mine either, mostly a message board, and checking up news sites, and gaming sites. Though the times I do stream I get the same amount of time using my netbook on battery as I do heavy browsing.
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