For those who can't get it to work, test these out:
Make sure you are logging on to the net via Skyfire and not the stock browser.
Get the update via the Marketplace. Verson 2.0.1
Go to Hulu.com.
*If this is your first try, click the android robot in the top tool bar and make sure it's set to desktop. **If this is a repeat attempt, go into your history and clear/delete your cache. Exit Skyfire. Go back into Hulu and make sure that desktop is selected via the robot.
Disregard the Adobe Flash message. Click on a show, clip or movie to watch. If Skyfire doesn't automatically launch the video window, go to the bottom left of your screen and click the soft menu key. Three windows will pop up at the bottom. Click video, and your selection will start playing.
Some of us are getting hits and misses (Hulu probably catching on), but keep trying. It took me three tries.