Hulu.com, the online video venture from NBC Universal and News Corp., has launched a private beta program. Early reports suggest it's far from being a YouTube killer. "Although Hulu's parent companies have done a lot of things right with the service, the scheduling leaves something to be desired. For the time being, the site will only feature five weeks worth of content for any given show. From there, it's assumed that older content will get the boot in favor of newer episodes and movies. This isn't necessarily a deal breaker for us, but for a lot of viewers this will prevent the service from becoming with online video Shangri-La they'd imagined. Furthermore, with the lack of user-generated content, it falls short of the end-all be-all site for online video. Viewers are still going to go to YouTube and still click their ads -- but in terms of piracy a minor rebellion may have been quelled."