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BUT the biggest problem is that it's geo-locked so only American IP's can access it-which is a real shame because I have a dynamic ip and sometimes my IP for some reason is mistaken as not being from America, which is odd since I'm with Comcast in eastern US. So that really sucks, but it's a good service if they could iron out the problem with it being US-centric , as well as at least fix the ip ban on some American ip addresses.
http://digg.com/tech_news/OpenHuluhNot
It comes down to how TV shows are licenced/syndicated. Shows like the Simpsons, Family Guy, Heros, etc are shown all over the world and they do so by the channels who want to show them paying a fee. Burried in among all the contractual jargon are rules governing how the show can be broadcast, specifically that the licence is only valid for a particular country. Broadcasting that content on the internet allows viewers from other countries to see those shows.
If you, as say an Australian TV company, paid xxx amount for the rights to broadcast a series of Heros in Australia, you can kick back knowing it will draw in the viewers, meaning more eyeballs on the ads your channel airs, giving you more money in the pot from the companies who pay to advertise with you. If those viewers can instead watch an American channel online, with their adverts (which contribute to that channel's income), then the massive amounts of cash you 'invested' in being able to air a particular show was all for nothing.
So, online TV content tends to be geo-coded and sadly it isn't just hulu, the BBC restrict their online video content to UK-only IP addresses and I'm sure other broadcasters in other countries do the same.
It just further highlights how the global broadcasting infrastructure wasn't really designed to cope with online media and how desperately in need of an overhaul it is.
http://tvparadise.org/
Also try out Fireveo - It's a Video Toolbar for your browser that gets the latest video feeds. It's free!
http://www.fireveo.com
I am in Canada, so it isn't like we are not inundated with US programing already, lol.