Hulu launched today. With more than $100 million in funding and the backing of media powerhouses like FOX, NBC, MGM, and Sony Pictures Television. The advertising supported media site has a stupid simple interface and allows people for one of the first time ever to watch a giant catalog of TV shows and movies online for free, and legally. One of the most interesting aspects of the site is the ability to embed the shows on your blog or social networking site. This should be very interesting to watch.