I have been a Hulu Plus and Netflix user for over a year now. When from +$100 for cable and internet to $16 and 50 for the internet, which I would be paying for anyway.
To the poster that asked about commercials on Hulu, it depends on how old the program is that you are watching. I watched all of The Tutors with no commercials.
I think both have their place. Netflix is good for finding older programs/movies etc. and Hulu is a bit more current.
BUT I hate the way Hulu is set up. I don't like the website, the excerpts, I like and prefer how Netflix works, I add things to my queue and its there. With Hulu you have to subscribe to shows.