Everyone needs to hold their horses. This service just came out, and only those with access to the beta have glimpsed it. I have an invite and let me say I was impressed. The interface feels very apple-ish. Let me clear up some of the mis-conceptions:
1. It's not just NBC. Fox has a TON of shows on it, as well as shows from FX, SciFi, Speed, E, etc. off the top of my head.
2. It's not just TV. They've got movies and youtube-ish videos including all the SNL.
3. I've been playing with it for less than 24 hours and I haven't seen a single ad in any of the TV content. The only ad that I did see was before 'The Breakfast Club' movie and it only was 5 seconds.
4. The little dots do NOT represent Ads. They represent where the Ads took place and there are breaks in the show, however I haven't seen an Ad watching ANY shows. This may change later, b/c as of right now, I honestly don't see how they are planning to make any money.
This site appears to be better than any other online (in a browser) video repository I've seen. I'm a big apple person, and I don't see hulu directly competiting with apple just yet. If it takes off, who knows. My first impressions are good, and it looks like arn agrees.
It's all cool my babies.