Redbox is testing a new beta program called Redbox Instant, Major Nelson has announced a corresponding app will be available on Xbox 360. He says those in the beta right now – if you want in, you can sign up, and you will receive an email with their Xbox 360 download code "in the coming days."

Redbox Instant is a monthly subscription service that provides unlimited online streaming of content and four one-night rental tokens for use at local Redbox vending machines. Redbox Instant subscribers can buy the DVD package for $8 or upgrade to Blu-rays for $9 a month. Other supported platforms for Redbox Instant include iOS, Android, Vizio, Samsung, LG and Google TV.

Here is the beta sign up page, if you would like to try it out!
[You must be registered and logged in to see this link.]

*This is a US only beta*