Hulu Introduces HuluPLUS For $10 A Month

Today, Hulu introduced its subscription service, HuluPLUS. HuluPLUS will offer content on multiple devices such as the iPad, iPhone, and televisions via Sony's Playstation 3 and Microsoft's Xbox 360.  HuluPLUS will allow subscribers access to the service's back catalog of shows and season passes of current programming. The subscription fee will cost $9.99 a month.  Current episodes of shows will remain on the free site.

$10 a month seems expensive compared to NetFlix which starts out at $9 a month and has a larger catalog.  Is this the end of Hulu or the start of something great?