If your favorites are mostly on one channel, then they can also be added as a Favorite, so all of that channel's shows will be in the list, all the time, or you can add shows and movies to the queue directly for easy access to them on streaming services.
The new functionality from Netflix enables members to search for movies directly on their HDTV, so a PC is no longer necessary to find movies to watch instantly, or addto the member's instant Queue.