After patiently waiting, Hulu finally announced their Android app at CES 2011. Hulu plans on bringing their subscription service, Hulu Plus, to all Android devices with firmware version 2.2 (Froyo).
The Hulu Plus app will only be made available on select phones. The rest of the details are pretty vague -- the app will be available in the coming months and other information will be given at a later date. The Hulu blog gives more information about the announcement.