The fabled Hulu Plus is real, it seems, delivering “HD” programming to your mobile devices and internet-connected TVs for just $10 a month. You’ll have access to full current seasons of shows like 30 Rock and Glee and a library of older episodes from shows like Arrested Development.

I say “HD” because you should take a look at that screenshot above. Yes, that’s a screenshot. Notice anything? That it looks like shit, perhaps? That’s a shot from my iPhone 4 on a Wi-Fi connection and it looks like total crap. Sorry, Hulu, but you’re going to have to do better. Even worse than the quality, you still have to watch ads despite your subscription fee. You guys do know how to make me feel like a dollar sign.

What I really want for streaming video is something more akin to the Netflix Watch Instantly system. It’s painless, easy, and for serial programming it’s better than anything (even NinjaVideo). I’ve been watching Party Down recently – updated weekly with the new episode – and I’ve fallen in love with the Netflix system. If anyone has the future of online video in hand, it’s these guys. It’s not as expensive as Hulu Plus and you get access to a library of movies as well.

If you want to see Hulu Plus for yourself, download the free app and check out some preview episodes or opt-in to the preview invite system over at Hulu.

There’s more good news for app junkies out there. UStream is now officially available in the App Store, allowing users to stream video content over 3G and Wi-Fi connections. It’s a big step for the app approval process and more like a leap off a cliff for AT&T’s network.

UStream isn’t the first app to offer streaming. That distinction goes to Knocking, another app that paved the way for UStream, proving that both Apple and AT&T would allow such a demanding application to break through the notoriously awful approval process. Of course, it remains to be seen whether the network can actually handle that sort of strain. In fact, AT&T has said several times that high data traffic causes most of the network issues. These apps definitely won’t help that situation.

It’s nice to see developers continue to push AT&T to provide some of the cool options the iPhone has available. Let’s hope AT&T will come around to the idea…right.