Snapdragon chipsets will have Netflix streaming hardwired, demoed on the LG Revolution

On a mobile phone the challenges are even greater, but it is such a desired feature, that Qualcomm took a different approach. In the next Snapdragon chipsets we will have Netflix streaming hardwired into the chipset as hardware-accelerated video codecs, which will help immensely with decoding, while your applications processor will stay idle for other, more mundane tasks, thus reducing battery consumption.
Of course, this chipset is combined with Qualcomm's LTE baseband modem, to use Verizon's wireless broadband for the streaming, so you might not see this type of hardwired Netflix streaming on other carriers soon.
via Phandroid