Hulu on the Xbox 360 coming soon?

A very reliable source has told Gearlive that Microsoft will be announcing a partnership deal with Hulu at E3(June 15-17) that will bring the uber-popular service which streams video of TV shows and movies to the Xbox 360. The source also mentioned that Xbox 360 owners might have to dig into their pockets and dish out some extra bucks for the service. Payment is expected to be made in the form of MS Points but whether it will be for a full month or a limited number of hours is still unclear. We are putting this in the rumor vault until E3.