Q) Does it run the Netflix app?
A) Yes, Netflix is one of the apps we have tested on the AirPad. However, because our tablet is so new, it isn't on the Netflix supported devices list yet and requires a special loading procedure. You can view that by going to this page a fan made for us: http://www.aliendev.com/x10-airpad/x10s-airpad-installing-3rd-party-programs-netflix (http://www.aliendev.com/x10-airpad/x10s-airpad-installing-3rd-party-programs-netflix)
UPDATE: The Netflix app does download directly from the Official Marketplace now.