Can't say I'm surprised, I was completely expecting this. As I said on an earlier post, Steve Jobs is member of the Board of Directors of Disney, which owns a third of Hulu. Of course there was going to be a Hulu app for the iPad. Sad thing is, supposedly it will be subscription-based. And this for me, at least, doesn't make sense. Unless, this is going to be some April Fools joke. They can't be that cruel or can they? whatever, I'll talk a bit on that later on.
This is, by itself, kind of shuts the Adobe Flash on the browser argument. Unarguably, the major use of Adobe Flash today is Flash Video. Almost all of the videos embedded on websites points either to YouTube or Hulu. Both are covered, I don't see any problems.
At most, what Apple will allow is to use ActionScript to develop apps that could be delivered over the App Store and executed via a Flash runtime. This will help Apple retain its power over content, and Adobe to enter into the Apple Apps huge game.
Honestly, this pretty much seems like the Adobe AIR runtime, which is used to deliver Flash, Flex and AJAX-based applications to the Desktop, but instead to iPhone OS. It basically converts an web app into a Desktop-like app. I don't know what took them so long to get this thing done.
One thing is for sure, the web changed. You will no longer see Flash content as you are used to in the Web. I suspect a very Flex-like experience.And btw, there's also a rumor about multitasking capabilities, but just rumors, let's not get excited about gossip. Killer, I know.
All in all, the Apple iPad keeps gaining momentum, Apple keeps giving reasons for more people to seriously consider getting one. People is excited, the industry is excited and clearly waiting for what will happen to finally make the final plans on how they are going to approach the iPad.
Rest assured, within 5 years, maybe less, 3 years - Everyone will be holding an iPad-like device in their hands. I think it will be Google the one taking complete advantage of this success.