Rumor is that Hulu is working on a application that will be available in the App Store sometime in the near future. Silicon Alley Insider has learned about it from a "plugged-in industry executive" and it is said that the application itself will be as slick as Hulu's website and it will work on 3G as well as WiFi. Judging from the popularity of Hulu and their really cool commercials, this app could be a huge hit.

This app coming to the App Store may seem a bit hard to believe at the moment based on the whole ordeal with SlingPlayer. Although, there are other apps within the App Store, such as i.TV, that actually stream video, granted the quality is poor. But full length TV shows and movies? Unfortunately, whatever is holding up SlingPlayer from becoming available still remains a mystery. Whatever the case may be, what are the chances of this Hulu app seeing the light of day? And what are the chances AT&T will really let it stream over 3G?

[Via Silicon Alley Insider]