TV over IP → [Need Info] Hulu video downloader?

Any one heard of it or used it before? Seems like a cool program. I want to watch hulu videos and save them to .wmv format. That way I can watch it on my Xbox 360 in the living room. Is there another program out there better then that? I know about playon. Could not get it to work for me though.

The version of "save2PC" that you can purchase says it can save stuff from HULU.