There are rumors that a deal will be announced in Toronto for U.S. distribution of Steven Sodebergh’s “Che,” which may be released, at least initially, in 4 1/2 hour reserved-seat engagements before the two parts are shown separately in the hinterlands. While we’re waiting for the movie’s North American debut there, Hulu is offering a free look (with “limited commercials”) of Richard Fleisher’s unintentionally hilarious 1969 “Che” with Omar Sharif as the revolutionary and Jack Palace as Fidel Castro, which amazingly is not available on DVD.