Yes. I don't subscribe to NYTimes, ChiTribune, LA Times or any other traditional media outlet in Google Reader and I use it every day. Although the analogy is

Yes. I don't subscribe to NYTimes, ChiTribune, LA Times or any other traditional media outlet in Google Reader and I use it every day. Although the analogy is flawed, your point still stands that Hulu is nothing without content. The difference is that the television industry is so much more bound up in distribution rights than the web in general.