Thats right, from what i have seen though its not all stations yet. However there is a nice assortment to pick from. Old and New. Old as in I dream of Jeanie Old.
There is this new website, thats free to use, however you must signup to view the movies. They provide full episodes, as well as short clips to be viewed at your leisure. I tried it out and was suprised at how well it worked. However the navigation while simple is almost to simple. If you are like me and work odd hours, but love shows that come on NBC or FOX, and it appears other networks are being added as we speak. I suggest you at least take a test view of this site.
Hulu
Ya the name sounds funny but its nice to know you can find shows when your bored. Even really old shows from your youth. Be advised there are short commercials where the original commercials once were. So far from what i have seen the commercials come in at less then 10 seconds each. So it is very bearable, much more bearable then watching it on the normal TV in my opinion.
The only Caviot i have noticed so far, is that the full screen view is not that great, but on my 15 inch widescreen laptop a half sized window (pop out window resized) looked pretty good.
Have fun let me know what ya think if you try it out.