Hulu will be streaming live coverage of the New Year’s Eve festivities in New York City’s Times Square on Wednesday night starting at 10 p.m. ET. This means you can theoretically watch the famous ball drop from the cozy confines of your couch or bed and be thankful you’re not part of the huddled, freezing masses. But I’m sure you have more exciting plans than that, right?

http://www.hulu.com/live-playerembed.swf

You can watch the stream here on the site, which fortunately no longer has teen queen Miley Cyrus’ 2009 New Year’s Eve special available for viewing (tragic, I know). This marks Hulu’s second live-streaming effort, after the final two U.S. Presidential debates in October.

Viewers outside the US will probably be unable to watch Hulu’s coverage, since the site blocks content that isn’t licensed for viewing overseas, but Earthcam is streaming New Year’s Eve as well, as is MSN. Sites like Justin.tv and UStream, among others, are sure to have users live-stream New Year’s Eve from their respective locations, while Twitter users are certain to publicly overshare their experiences, with messages getting more garbled and incoherent as the night goes on.