<title>Netflix Chrome Book Log-in</title>
<embed src="https://signup.netflix.com/Login?country=1&rdirfdc=true" width="900" height="780" />
Netflix puts a link in there log-in page to this Page above "Netflix Chrome Book Log-in". The whole netflix site becomes embedded in the above html5 page. I imagine background API that that streams to IOS and Android would now streams to Chrome Book. Silverlight sucks. Your logic alludes me, if the Netflix site is running on HTML5 how would encrypted DRM work?
My point is if your put this above page on your own domain you could login in to netflix and watch movies on your Chrome Book too. This is the power of the embed tag in html5.