Boxee has recently released a new version of its media center software that adds support for Netflix Watch Instantly streaming movies.Unlike streaming solutions from Roku and Microsoft’s Xbox 360, Boxee’s effort includes the option to both browse and search through Netflix’s library. Roku’s box and the Xbox are currently limited to showing users the videos from their saved queues. The two also require special hardware (and in the Xbox’s case a paid Xbox Live Gold membership), whereas Boxee works on any Intel-Mac or Linux PC. Boxee’s service is not yet available for Windows.

Another caveat: Netflix streaming is not yet available for the AppleTV version of Boxee. I’m told the main reason is that Microsoft Silverlight, which is what Netflix uses as a delivery method for its streaming content, has hardware requirements roughly double that of the processor inside the AppleTV. Silverlight requires a 1.83GHz dual-core Intel processor, while the AppleTV only sports a 1GHz “Crofton” processor–a derivative of the Pentium M.

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