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So, I just saw Hulu Plus pop up on my Apple TV menu next to Netflix. I have a netflix streaming account, it's pretty good but I wish it had newer releases and you didn't have to wait as long. I couldn't watch the 4th season of Breaking bad till the 5th started on TV :(

Anyone know if Hulu is any better? Or are the both pretty much the same?

Well, Hulu does have latest Shows, But hulu has a big backlog of movies, documentaries and older shows. I prefer Hulu to catch up on shows while netflix to watch shows I never got a chance to watch.
But hulu also doesnt have many shows full. Drop Dead Diva, Merlin, Docter Who and such just are not there. and some shows that are completed(Sliders for example) are not even shown fully.

As a general rule, I fined Hulu better for current series, and Netflix better for movies. There are of course exceptions to both.

Hulu is harder to navigate as a website IMO. Not to mention the issues others have said, incomplete collections and such(although Netflix is hardly steller)