The first link is an MP4 video file. If you don't have a player installed, you can download a free one (such as VLC Media Player for Windows) so you can see what I'm experiencing.
zapt
While I do acknowledge that your .mp4 does show some flicker in the form of alternating between Analysis and Download, I've never seen this happen in real time. And I do a lot of Hulu downloading. This is not normal. The other thing is that download is recognized during one part of the display but not the other.

Note: 23.10 MB/s download speed.

Same frame of your .MP4, no download speed. Very, very strange. I've never seen that happen, either.
I don't see anything abnormal in your StreamFab.log, although you cut it off before the session finished. I would have liked to see the full session.
As for your .mp4 example, I'd have to take that with a grain of salt. It only had a framerate of 10.015 FPS. You are asking for flicker at that framerate.
I will make a personal note to myself to ask you after our DRM problems are over whether you are still seeing the flickering. If you are, at that point, I will pass that on to the Developers.