Yes, it support Netflix but I need to test Hulu before come back to you. To be noted two thing, but this is independent of Q5;

1). Netflix service not available for Malaysia IP, you need Secure VPN to enable the service.

2). Netflix is not free service

The problem with Android based devices is the location based and is geo locked.
There are actually a few apps that I tried to mask the location unfortunately none of them worked.
Otherwise the unblock-us.com would work which is working great for my ATV2 and ATV3.
Only way is again a Secure VPN for these Android devices - even DramaFever app does not work as it say the service is not available in your region while it works great on my Ipad, Iphone and Mac

Hello Bro, confirmed Netflix is working as it is but not Hulu.