Remember all those great WB shows you used to love so much? Well they’re back, my friends in the form of their new website. TheWB.com has finally launched and is a very real threat to Hulu. 

TheWB.com is significantly more feature-rich than its competitors, offering an advanced search engine and allowing users to mashup selected clips from each show. The site also allows users to modify selected portions from a number of shows using an embedded version of Adobe Premiere Express.

At launch TheWB.com includes seasons from Friends, The OC, Veronica Mars, One Tree Hill, Gilmore Girls, Buffy the Vampire Slayer, Angel, Smallville, and a number of other shows, both from The WB and other TV networks. The site will also introduce a number of made-for-web TV series.

I’ve had access to TheWB.com when I was invited to the beta and I have enjoyed it so far. Its not as big or diverse as Hulu but still, this is the way I see all TV networks going in the future and I for one, and thankful for options such as these. Online TV really comes in handy when you miss an episode of your favorite show.