You're able to watch on the internet legally and uncut at Hulu.com, Naruto.com, and Crunchyroll.com.
Anyways, I'm curious as to what the timeslot for it will be, and how much censorship to it there will be. Although, if they're showing it sometime late at night, it'll probably be uncut.
Anyhow, if you want to get into Naruto, I recommend the manga over the anime any day.