Hulu has announced their new $9.99/month service called Hulu Plus. Now available on PC, iPhone, and iPad, it will soon be available on both PS3 (July) and Xbox 360 (early 2011) along with other devices. You can request an invitation to an early preview of the service here: http://www.hulu.com/plus/invite
In addition to enabling playback on various boxes, Hulu Plus features full seasons of current ABC, NBC, and Fox television shows in HD. Between this and Netflix, it may be time to cancel your pricey cable subscription.
You can learn more about the service here: http://www.hulu.com/plus/