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Paying $10/month to watch network TV shows (which are free OTA) doesn't seem to be worth it.  Sure, Hulu gives you "DVR like" abilities for a whole season, but meh.  I doubt this would really be a cable TV replacement as the selection is too small and not day and date for TV shows.

 

I really hope that there is a hulu app for the consoles that allows access to the free hulu content and that hulu isn't required for the application.