According to GearLive and its "very reliable source," Microsoft is set to unveil Hulu for Xbox 360 during E3 2010, presumably during its Media Briefing on Monday, June 14.

The site adds that, similar to the Xbox 360 integration of Netflix, Hulu on Xbox 360 would require a subscription and run through an application located in the Xbox Dashboard.

1UP notes that while it can't confirm anything about a potential reveal at E3 2010, "Microsoft does have the software for a Hulu application on the 360 fully up and running -- the only thing holding them back now are rights issues to Hulu programming."