I mean, that was my argument for other video codecs being feasible on the 3DS. I too am looking forward to video playback on the 3DS.
oh haha I'm dumb. I thought you were saying, "why would you even want this if you have Netflix?" Terribly sorry about the misunderstanding, because I have had people on sites like this ask pretty much that when I ask if a video playing homebrew app would actually be possible.