I have used Hulu before and love it. It gives you access to a bunch of movies, documentaries, and TV shows from a web device. I used to work nights that my favorite TV shows were on so later I would get on Hulu and watch them to stay caught up.
Downside to this is that there are commercials on it every so often and that the library of media is limited but does change from time to time.
I think people will continue to buy or rent videos because they want to have a hard copy of it to watch whenever they want to, but also so that they won't have to rely on internet service and speed.
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