In a glorious and unabashed cash grab, Sony and Hulu have teamed up to yank a lot of your hard earned cash out of your wallets and into their overflowing vaults thanks to the Hulu Plus preview that became available to some US Playstation 3 owners today.

So for those not in the gaming know…Sony recently announced Playstation Plus, a premium pay-to-play version of their has-always-been-free online service for the Playstation 3. What does it get you? I won’t bore you with lists of early-access game betas and free trials of full games because today’s news was the cherry on top…for the companies, not the gamers.

Oh, the Playstation Plus service is $50 a year, remember that when you see the pricing below.

The Spin

Sony Computer Entertainment America LLC and Hulu, an online video service offering an expanded selection of television shows and movies, announced that the Hulu Plus preview will begin today on the PlayStation 3 in the United States with the consumer release of Hulu Plus available to all PS3 owners set to occur in the coming months. PS3 is the first and only console with dedicated gaming functionality that will offer Hulu Plus in 2010. Hulu Plus will deliver a library of high-definition (HD) content including full seasons of popular TV shows and blockbuster movies from nearly 150 leading content companies. Content on Hulu Plus is complementary to the more than 23,000 movies and TV episodes already available on the PlayStationStore.

Starting today, a select group of PlayStation Plus subscribers will gain access to a preview version of Hulu Plus for an additional $9.99 per month. All PlayStation Plus subscribers may download the free Hulu Plus application and, within it, request an invitation to the exclusive preview.

General availability of Hulu Plus in the United States is expected in the coming months on the PS3 computer entertainment system and additional Sony Electronics Internet-connected entertainment devices, including select BRAVIA TVs and Blu-ray Disc players.

The Kick in the Teeth

Yes folks, you read right. But let me sum it up.

Those of us who have Sony Playstation 3’s and who want some added value have to pay $50 a year for Playstation Plus.

Those of us who want to see the Hulu Plus Preview, have to pay $50 to get considered “good enough” for it so that you can then shell out $120 a year extra.

I think what they mean by “a select group of Playstation Plus subscribers” is – those who have little concept of value and lots of expendable income… like say, all the execs at Sony and Hulu. Wait a second, they probably don’t need to pay anyway. Great! Each one of them should pay for a full year of Playstation Plus and Hulu Plus and then give them away in marketing to help gamers swallow this bitter pill.