Update : I am able to stream perfectly on my Nook Color. Cool!!! My Nook Color has its build.prop changed to HTC to solve the Netflix chipmunk issue. Another issue I had was that while the movies from Miramax (ad free) streamed perfectly, the TV Shows (ad loaded) were stuck at buffering, during the initial advertisement. The reason, at least for my machine was that I had AdFree for Android installed. If you experience this, use AdFree Revert option to revert back to the original host file. You will loose ad blocking feature but you will earn perfect Hulu Plus streaming.
Update 2: I made a short movie demo-ing Hulu Plus on Nook Color
Well, this qualifies as a breaking news. Promised quite a while ago, Hulu Plus app finally made its way on the Android Platform, although, in a manner similar to Netflix, it is not for everybody. More specific, Hulu Plus apk is available only on 6 Andrdoid devices for now, and the lucky ones are Nexus One, Nexus S, HTC Inspire 4G, Motorola Droid II, Motorola Droid X, and the Motorola Atrix. Not sure if the problem is the DRM capability cooked into the hardware or just based on popularity. You can get the Hulu Plus right now from the Android Market. The Hulu availability is a huge step for the Android platform in its quest to offer the equivalent in entertainment apps with iOS. In my opinion, now that both Netflix and Hulu Plus are available, it is very close to achieving this goal.
At this point, Nook Color, a capable device is not among the compatible devices. This makes sense as by default, Nook Color doesn’t come with the official Android Market support, you’ll need to root it or even install a whole different OS to make it work. I’ll look for a way to get the Hulu Plus apk and will post my finds regarding its compatibility with my CyanogenMod 7 Nook Color.
For those that are living under a rock, Hulu Plus is the second largest streaming service in the US behind Netflix, mostly oriented toward TV Shows and priced similar with Netflix, at $7.99/month.
Update: I downloaded it from here and installed it on my Nook Color. It installs fine, I was able to log-in with my account without issues, browse genres, my queue but I cannot stream at this point, getting “It appears you are having network issues message” and the app is stuck at buffering. Not sure if it is because Nook Color isn’t officially compatible or another reason.