AP Reporter Jake Coyle named Hulu.com, a video streaming site backed by NBC and News Corp, best web site of the year.
I can't comment on the reporter's pick as I've never seen the site--it is only available for streaming in the USA.
Given this failure to work with the *world wide* nature of the web, holding Hulu up as a model of "how professional content can thrive on the Web" is problematic. I'm beginning to wonder if the entertainment industry's licensing habit will turn out like the financial market's addiction to deriviatives.
So for those of us on the outside, I'd have to say it's still Pirate Bay that takes the cake.