I use my blog and Hubpages differently. On Hubpages I write real articles, longer pieces on specific topics. My blogs are for my personal opinions and there I write shorter, more personal posts. I like doing them both.
I frankly think the Hubpages ad program is a pretty good deal and even with them taking their share, I do better financially from Hubpages than I do from my own Adsense on my blogs so I'm fine with the whole thing.