A "industry executive familiar with Netflix's plans" speaking with Multichannel News claims that Netflix will soon extend Watch Instantly to the iPhone and the Wii.

We have been hearing rumors about the Wii for quite some time, but the iPhone? Naturally, Netflix did not comment on the rumor, but if it did happen on the iPhone, you can damn well bet that it won't be available on 3G. After all, we have already been down this dark, dilapidated road with the SlingPlayer. [Multichannel News via Zats Not Funny]