But then Fox (and FX) started delaying putting their shows on Hulu up, so that meant no Louie, Archer or The League. There aren't many shows on NBC or ABC that I am interested in.
Some of the 'most popular shows' include Lost, Heroes and X-Files, so that seems to suggest a decent portion of the audience is watching or re-watching old shows.
I am curious about Morgan Spurlock's A Day in the Life program, but not enough to pay for it.
Particularly if you have on demand from your cable provider, that is probably going to be a better option than Hulu for newer shows.
The one function I would say is better on Hulu is the ability to add shows to a queue and get alerted when new shows are put up, something Comcast on Demand is completely lacking.
But I suppose it's a viable option for cord cutters, particularly those that are looking for a simple way to get network shows on to their 'smart' TVs or iPads without a lot of hassle.