After at least a year's worth of rumors, Hulu has finally unveiled its new pay model called Hulu Plus. As expected, the premium service costs $10 per month and subscribers have access to a ton of extra content, such as complete series or current seasons of TV shows, rather than just a few episodes. Unfortunately, as everyone feared, advertisements are still present for paying users. On the bright side, Hulu says all native HD content is available to stream in 720p.

Along with extra TV shows, Hulu Plus is far more accessible with applications already available for the Apple mobile devices like the iPad, iPhone and iPod touch via Wi-Fi or 3G, as well as Web-connected Samsung HDTVs and Blu-ray players. Support for the PlayStation 3 is expected in July, while the Xbox 360 will get Hulu Plus early next year. The service is also "coming soon" to Vizio and Sony HDTVs and Blu-ray players.

If you're interested in signing up, you'll have to request an invitation here. The site says it will issue invitations in waves over the coming months to ensure it's offering the best experience for members. Here's a more complete look at the library of shows included with Hulu Plus. It's worth noting that the basic free version of Hulu you're probably familiar with is still available and unchanged - for now anyway.