YouTube offers HTML5 beta site and it works on the iPad Simulator, is Hulu Next?

YouTube is now offering an HTML 5 beta to all users http://www.youtube.com/html5.
The videos play very well on the iPad Simulator and I would expect even better performance on the h.264 optimized device hardware.

















Will hulu also offer an HTML alternative or will they leverage the lack of Flash on iPad forcing users to pay for their service? http://bit.ly/aMGdQP