If all you want to do is have Netflix on your TV, buy a Chromecast or a FireTV Stick, they're about the same price as a Pi and will definitely work.
Netflix on a Pi is still a work in progress (and probably won't work because of the DRM issues).
I just bought a powered USB hub and I get the above - when I unplug power from Pi, red light still on. What causes this?obcd wrote:Is the hub powering the Pi trough it's upstream usb port?
(If you disconnect the Pi power adapter, does the red power led still light up a little?)