Yes, this is even better than the website that offered about 700 shows. Actually the 700 show website used content from Guba as a source for their shows, but Guba offers more than that. All videos belong to one of eight categories (cartoons, comedy, documentary, drama, foreign, miscellaneous, music videos and sports).
Every video has the option to be played on the website using Adobe Flash, or downloaded for desktop PCs, Apple iPod's or Sony's PSP. It is not clear why videos are offered for free on the website, but since that is the case, I can't see a reason not to make use of the offer.
Update: The website nor the site that was providing the TV show streams are available anymore, which is why we have removed the links pointing to those sites as there is no purpose in keeping them up. The website Guba Corp claims that Guba users can use it to sign in to their account which I can't confirm due to not having an account for the site.
Here are some alternatives that you may want to consider:
Stream Chaser is a Google Chrome extension that lets you find - legit - streams. Just enter a search term and the program will automatically search services like Hulu, Netflix or Amazon Video. As you will notice, it combines both free services and paid services in one interface. One of the things you need to know though is that many of the free TV show services covered by the extension are limited to users from the U.S.
Another article that you may be interested in is our watch TV online legally guide, which links to several programs and web services that offer free TV show and episode streams. Some link to programs that you can download to your computer to run them from there, others to websites that offer free streaming. Please keep in mind that some of the services here again require you to be from a specific region in the world to make use of the services at all. If you are from a different region you are blocked, unless you use a proxy or vpn to bypass the block.
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Ghacks is a technology news blog that was founded in 2005 by Martin Brinkmann. It has since then become one of the most popular tech news sites on the Internet with five authors and regular contributions from freelance writers.