About your concern on video. I've had the same concerns but I'm willing to shove out $8 a month to watch hulu Plus on my TV using the HDMI our on the iPad 2. This way I can finally cancel cable ($70/month.)
Hulu is not available in Canada and I've checked out Netflix in Canada and it sucks so what you said is a moot point for me. Congratulations to you though! Cable is too pricey (though I have it)