Since Netflix content can be streamed from the internet, and the Playbook is a very capable internet device, there is no reason why you cannot watch Netflix content. The Playbook's screen resolution is HD (1024 x 600) so video is crystal clear. For more on the Playbook's capabilities, see specs and instructional videos at blackberry.com.
There is no real app for netflix on the Playbook,but you don't need it becasue the Playbook uses a real browser so anything you can do on the PC you can do on Playbook,so just goto to the netflix website and log in,now if you swipe down from the top you can make an icon for it.If you really want an icon from Netflix then please sign the petition. http://www.change.org/petitions/netflix-offer-support-for-rim-blackberry-devices#