Hulu's tug of war with TV

Hulu is fascinating. Watching it (the company) is like Celebrity Deathmatch between Silicon Valley and Hollywood.

My own observations:

1. Content is still king. 2. Hollywood is trying to change (Hulu), but fear limits them (Boxee) 3. Cable companies are the middleman. They are the ones who are the most scared and their existing relationship with Hollywood affects what Hollywood can do.