Yes, the commercials can be grating, and are still annoying but I think that is a small price to pay for streaming my content when I want. Also they are not NEARLY as long as the commercials on TV and if a TV commercial is really loud (I'm looking at you eHarmony commercial) and you complain they will actually do something about it.
Hulu may have its limitations because of stupid studio rules, but overall the experience of watching content online with Hulu is pretty straightforward and easy.