I got my invite finally this past weekend, and I must say I've really enjoyed using hulu so far.
I have a computer hooked up to my plasma TV, so this junk about 'can't watch it on my TV' doesn't apply to me.
it's selection seems pretty good, too. Lots of older shows that aren't being aired anymore are appearing. Mostly just the first seasons of them so far. Doogie Howser anyone? The A-Team! Miami Vice! Kojak! Dragnet! Bob Newhart Show!!! Lost in Space, Mary Tyler Moore, I could go on for quite a while...All of that stuff and the current episodes of stuff that is on the air today. I imagine they'll be filling in everything over time. There are a LOT of SNL clips of various sketches.
The video quality is better than I expected. When you're used to free video looking like youtube, it is a refreshing change. Not DVD quality, but very close, I'd say. They also have an HD module that they seem to be testing out on movie trailers...Hopefully that will become part of the regular service as well, as a lot of the shows they have already were recorded in HD, and the really old shows were recorded on film, so they will look better in HD than they did when original airing if they are taken from the film instead of the DVD masters. The original Star Trek on HD-DVD looks incredible.
All in all, I must say that Hulu impresses me. If they added CBS (which isn't very likely), and maybe some of the other channels like stuff that comes over from BBC (Dr. Who, anyone?), and offered things in HD that were available that way, it would almost totally replace my satellite TV subscription.
I'll watch all kinds of Axe Body Spray commercials if it will save me 70 dollars a month...