Here is the final flash fixed .apk. However, it appears to have a problem syncing the audio to the video. I have no plans for fixing this; if a solution is to come it will be from flash or hulu.
As far as hulu being choppy, as if you were viewing it on a slow laptop...you are completely correct. You are viewing hulu from a slow handheld device, which does not have the power to stream smooth video through this method. (DALVIK -> Android -> browser -> flash -> hulu).