Nexus 7 owners: Does this device do Netflix in HD?


I am pretty new to the whole Android scene, having only used a Motorola Xoom (running Android 4.0) briefly at work on one of our trial devices. I know that even the Xoom supports Netflix, however to my understanding of the situation it's only of the SD variety.

I've read through random forums (as with much of the internet, with a grain of salt), that only certain devices qualify to stream Netflix in HD.

Clearly this is dependent on the content and if it's available in HD, but I can definitely verify the Xoom only plays SD (even if HD is available on every other device that offers it).

My question is: Has anyone with a Nexus 7 had the chance to check out Netflix, and if it indeed does do HD streaming?

Thank you.