It is not. The exact wording, as it sits in my inbox:
> We’ve clarified that all Service Plans may include: (i) promotional content, (ii) sponsorships, and (iii) advertisements before/after playback of Content and in channels, live/as-live, special events, and any third-party services content.
Emphasis on "before/after playback of Content" and live etc. So they are opening the door for ads everywhere, not just on live TV or Hulu.
> We’ve clarified that all Service Plans may include: (i) promotional content, (ii) sponsorships, and (iii) advertisements before/after playback of Content and in channels, live/as-live, special events, and any third-party services content.
Emphasis on "before/after playback of Content" and live etc. So they are opening the door for ads everywhere, not just on live TV or Hulu.