Can't help you on the hulu part of your question...
But, on the QAM ... yes, you can get a few channels in HD right out of the cable connection in the wall with a QAM enabled television. The 4 major networks, PBS, and the 'lesser' networks (e.g. viacom); no ESPN, history, discovery, TNT, TBS, USA, etc though.
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years
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