Python/Curses 200 194

Assumes file is in working directory and file name is stored in variable f

from curses import*;import time;s=initscr();F=file.read(file(f)).split('\n');y=0
while 1:
 for i in range(len(F)):
  s.addstr(y,0,F[i]);s.refresh();y+=1
  if F[i]=='':y=0;s.clear();time.sleep(1)

ctl+C to quit

Edit: Changed the file name method, now uses a variable (-6chrs)