Last month, Netflix simultaneously released 15 episodes of the adored show about the dysfunctional Bluth family, which originally aired on Fox from 2003 to 2006.
"I was really excited and I'm really proud of the show which I think is really good," Arnett said in an interview at the Banff World Media Festival. "I think as a viewer I would say watch them all before you decide if you like them or not."
Arnett can also be seen on the small screen in the upcoming CBS sitcom "The Millers," about a recently divorced news reporter who's looking forward to living single until his parents' marital problems derail his plans.
His strong-willed mom, played by Emmy winner Margo Martindale, moves in with him, while his father (Beau Bridges) opts to live with his sister.
"I have a good feeling about it. But I've been on shows that I didn't think would make it that have and I've been on shows that I thought would be a hit and they haven't so it's difficult to say for sure," said Arnett.
"It's very rare when you get together and you feel like there's a little bit of magic going on with the actors ... with the writers."
Added the actor: "The only other time I've felt this connection is when we were making the pilot for 'Arrested Development.' Very different shows, a very different vibe and yet that feeling is very similar."
CBS has given "The Millers" a prime time slot, following one of the TV's biggest hits.
"We have 'Big Bang Theory' as the lead in — you can't have a better comedy lead in than 'Big Bang Theory' on the planet and those are pretty big boots to fill," he said.
"It guarantees that first week that an audience will take a look at the show. So we've got a couple of weeks to really connect with the audience."