LocaTechWire.com: LuLu Settles Lawsuit Against Hollywod’s Hulu:

Bob Young, founder and chief executive officer of Lulu, has dropped his trademark infringement lawsuit against Hulu, the Fox- and NBC-backed online video Web site.
. . .
Lulu filed suit against Hulu last fall after the Hollywood venture disclosed its name. Young felt that Hulu would create confusion in the marketplace since it is so similar to Hulu. The case immediately ran into a setback when a judge threw out the suit, saying no damage had yet occurred.

A friend of mine uses LuLu’s self-publishing service. I personally used the beta version of Hulu to catch up on some old episodes of Heroes.