http://aus-netflix.blogspot.com/ (dont worry about the US iTunes Account, you dont need it)
I tested it over the weekend and it works great and the value for money is insane, makes Boxtel look like the poor value that it is! It even works great on my paltry 5.3mbps DSL connection!
PS, and the content companies wonder why Aus is full of Pirates!!! Perhaps if they gave us this sort of value proposition we'd stop DL'ing so much content illegally!!!
Edited by dJOS, 21 December 2011 - 04:51 PM.