Earlier today, we got a tip that Netflix would be getting 1080P Instant Stream to the Xbox 360 sometime this year. Yet, another story seemed to say that Netflix was instead misquoted, and instead would be developing it for next year – 2011.

We decided to check in with Steve Swasey over at Netflix, who has this to say,

1080p is not coming to Netflix and is not in Netflix development plans.

While it seems unlikely that they aren’t developing it, that is the official word thus far from Netflix.