I don't disagree that for many people these services provide plenty of content worth watching/hearing. I stream in excess of 200 hours of pandora per month. We use Netflix for kids movies/shows quite a bit and my wife gets the few shows she's interested in from Hulu including some older shows. For my in laws they love the Roku I bought them and their ability to get older content. They maintain a DirecTV package because they can't get most of the newer content they are interested in at all. I personally find Hulu and Netflix to be extremely lacking. I'd be more than happy to pay more for a better selection of content but it's simply not available. The amount of worthwhile content being available is entirely dependent on your personal preferences.

I think technical people largely over state the value and amount of content that is available via these services and really that's all I wanted to draw attention to.