I honestly can't say anything about Hulu, I live in Canada and years ago it wasnt available to Canadian IPs....but that might've changed.
I do use Netflix all the time tho. Thng is, Netflix is $7ish a month, but it's a gamble if there's stuff you want to watch or not. Nothing terribky new most of the time, but a really big selection, including cable series as well as good movies.
Bad news is the same deal - you never know what you're going to get, and they don't update frequently.