You already read this morning about Hulu's thoughts on HTML5 -- they were subsequently stricken from record but have since returned. By now, however, it looks like everyone should be able to move on from the discussion long enough to see the actual updated player. Here's some things you'll notice: 25 percent increase in viewing space, hidden controls when being played, and some reshuffling of key buttons. On the backend, there's also adaptive bitrate streaming, ad volume normalization (for quieting those overtly-loud commercials), and a few other neat tricks. Looking for something quite meta this evening? A Hulu video showing off the new Hulu video is after the break.