And yes, The CW’s actual website will continue to host episodes the day after they air.
We assume that has something to do with the deal set up with Netflix, through which each new season of The Flash, Arrow and more will go up soon after each show’s finale.
The main downside here is that you have to wait until the next day, but then most people were having to do that with Hulu anyway.
Another downside is that only the last five episodes are available for streaming, as it has been, so you won’t be able to catch whole seasons at a time.