The advantage over a VPN-based solution is that there is no need to route all of your traffic over the VPN. Most of the time they only redirect the geo-location stuff and once you receive the videostream URL, that transfer will go over your 'regular' connection.
It also allows you to just put their DNS servers into your router and your Apple TV / Wii / iPad ... will automatically use the service.
Security wise, they might be able to redirect any domain resolution to their servers, but they still won't be able to fake the SSL certificates. As long as you're using IMAPS/HTTPS/*S you should be fine I guess.
http://blog.marc-seeger.de/2011/04/07/hulu-and-iplayer-outsi...
The advantage over a VPN-based solution is that there is no need to route all of your traffic over the VPN. Most of the time they only redirect the geo-location stuff and once you receive the videostream URL, that transfer will go over your 'regular' connection. It also allows you to just put their DNS servers into your router and your Apple TV / Wii / iPad ... will automatically use the service.
Security wise, they might be able to redirect any domain resolution to their servers, but they still won't be able to fake the SSL certificates. As long as you're using IMAPS/HTTPS/*S you should be fine I guess.