I've been pretty adamant in thinking Hulu Plus was not worth it, but after fiddling around that last couple of days with it, I'll have to eat a few words!
When I bought my Sony 3D BluRay player, it came with a 3 month trial of Hulu Plus, so I thought, 'what the hell, it is free', so why not use it. Glad I did. I recently switched from D* to E* and had a lot of things recorded on my D* equipment. So I took a look at Hulu Plus to see what was there that would allow me to see those shows I hadn't watched yet, and how good the video was.
I was pleasantly surprised to see that most of the series that I watch were available, and the video was much better than I remember Hulu ever doing in the past. So I watched the few that Hulu+ didn't have on my D* equipment, and then boxed that up. Since then I also found that the CW series that I like are on Hulu Plus and they are in much better video than the local CW station is doing. So now I've got those all in my Favorites, and have added some Hulu Plus original series to check them out. Using Hulu Plus on my AppleTV mostly and the experience is great!