Got to say, I like that video player. Provides much smoother playback at good resolution than most flash-based players.
I do love Hulu. Occasionally it'll stutter on me, but for the most part I haven't had any problems with it (except for video selection, but they're improving that).
Since it's an otherwise "free-to-the-public" download, I'm presuming talking about getting it via filesharing isn't a rules breach.
It's not a free download. It's a free streaming video. It can
be downloaded from iTunes (not for free), and, should the iTunes downloads prove profitable, will be made available on DVD eventually.
The folks who made this thing have to get paid somehow, especially
since most of the work was done on this during the WGA strike.