These are the kinds of updates we like to see. As many of us are getting our hands on devices running Android 4.2, Netflix (and many others) is updating for full support of the new platform version. The last couple of weeks may have felt like years waiting for the update, but it was still released in a pretty reasonable timeframe (now the Starbucks app, on the other hand...). Aside from supporting Android 4.2, there have been a few other notable changes:

Large volume button

Easy scrubbing with new screen stills

Improved stability and playback bug fixes

All-in-all, a very useful update. We'll take improved support and usability features any day of the week. You can grab a download at the Google Play Store link above.