Good news, bad news: The availability of ABC shows like Grey's Anatomy on Hulu strengthens the service for the moment, but is it getting too powerful for its own good?

As we discussed in late April, ABC has joined up with Fox and NBC to provide content through Hulu.com, and that kicks off today with Grey's Anatomy.

The announcement I saw promises that other shows will follow, although distressingly, the ones mentioned — which apparently are not an exhaustive list — include I Survived A Japanese Game Show but not the far superior Wipeout.

(Is there to be no Wipeout? That seems impossible.)

The big question, of course, is whether Hulu is, as it believes itself to be, a consumer bonanza, or whether it's just a force that's now so big and so inevitably harmful to traditional revenue models that it's going to drive cable companies to develop ways to drive online TV right back into the controlling arms of your cable provider.

For the time being, however, you can get all your tumor-hallucinating dead-boyfriend drama without getting up from your computer.