Update: TechCrunch reports that the outage only impacted the DVD website:
“We are experiencing some technical difficulty with the Netflix DVD Web site, which as a result may not be available for all members. Our engineers are working to address this issue. Netflix streaming is not impacted.”
Readers (and Down Right Now) are reporting troubles with Netflix streaming. Netflix also suffered a major streaming disruption on Christmas Eve.
Is Netflix streaming working for you? I am able to stream movies, and I'm located on the East Coast.