I recently heard about PlayOn from a post on XoomForums.com. The programs runs on your computer, and if you have Netflix, Hulu etc... it will stream it to your Android device. Although I do not have a hulu account I do Netflix, and it works great!
Watch every NCAAŽ March Madness on DemandŽ game on your Android Phone with PlayOn!
Hulu, Netflix Instant Queue*, Comedy Central, MLB.tv*, CNN, CBS, ESPN, ESPN3, TV.com, SpikeTV, The Ultimate Fighter, Amazon VOD, TBS, BET, Adult Swim, Oprah Winfrey Network, Nick, PBS, PBS Kids, MTV, Vevo, and many more. Now you can watch the online content from all of these channels on your Android Phone.
PlayOn is $4.95 per month (for the program), and the app is free.