Hulu would be stupid not to convert or offer the other codec. And they know it. Flash, at least for video, is not going to last. It’s buggy, bloated; I hate it.
And seriously,a software conversion program that runs in batch mode, is not all that difficult to do. And requiring that new submissions are to support it would be in order.
This device is going to alter the video presentation Format on the web. Of that I have no doubt.
Hulu has already shut down many ways of getting their content, especially if it has the possibility of getting anywhere near a TV.