Its not our fault if Hollywood doesn't want to jump on, I will be happy to see their death.
There is almost no excuse why a tv show shouldn't be available almost instantly after it airs. I love Hulu and I am glad to sit through the few commercials if I am supporting the shows I like, but for the shows that take weeks to post their episodes or refuse to post them at all then if I miss it on tv I see no better option than to torrent it. Not to mention prices, sometimes I want to start a new series, but fat chance I'm going to pay $100+ for a series I'm not sure I will enjoy.
As for movies Netflix is improving but they aren't there yet with their watch instantly stuff. New movies take too long to become available and there are some movies that were barely known and have been out for years and still aren't up. RedBox is great for the price, and sometimes when me and my friends decide we want to watch a movie late at night when stores are closed grabbing a movie from one of these is faster than downloading it.
Hollywood could easily start their own online distribution, something like Netflix but instead you rent the movie for $1 for 24hr, it would cut my downloading in to a small fraction. Obviously RedBox has found a way to make a profit off low prices and Hulu and Netflix has shown the success of instant streaming. Torrents are appealing do to low cost and high availability, both could be easily beaten or at least competed by Hollywood if they were smart.