The good news is that PlayOn's Web app allows you to access popular Flash-based sites like Hulu and Netflix on your iPhone and (soon) your iPad. However, the bad news is that there are a whole lot of hoops to jump through before you can get there. You've got to sign up with PlayOn (a subscription service that streams online media to a variety of different places); there's a 14-day trial, but otherwise, it'll cost you around US$50 a year. In addition, you've got to have an app running that's only Windows-based in order to connect (yeah).
If you get all of that going, though, PlayOn has an HTML5-driven app onlin
