We heard a bit of talk about Hulu this morning in all the Google TV hooplah. And it was reiterated later that the usual rule applies: Google TV has all the Flash it needs to watch Hulu. The question is will Hulu -- and any other only provider for that matter -- want to make itself available on Google TV. It's the exact same situation we're in with the Skyfire browser. Skyfire will play Hulu just fine, but Hulu doesn't want to be available on Skyfire, and so it blocks it.
There's still plenty of time for things to be worked out, and plenty of content providers that hopefully be lined up around the block to get on board.