Well, actually, that isn't true. Streaming content makes Netflix much cheaper than renting movies (if the content serves your entertainment needs, anyhow).

I agree that convenience is worth something, but so is stable technology that already works. If Hulu was anywhere near the cost of cable, I think most people will stick with cable. They already own the DVRs and they already know how to use it. If Hulu is much cheaper, it has a chance.