Burning Fat, Building Muscle

I'm 20, 5'7, about 150lbs.  Very average body composition right now.  Too much fat.  

I have been running on the treadmill 3-4 miles 5 days a week.  which is about 30-40 min. 

Along with cardio...

Mon - Shoulders/Biceps
Tue- Legs
Wed - Chest/Triceps
Thur - Legs
Fri - Back 

The weight training is not super intense.  I will go to muscular failure but I'm not doing several different excersises. I will maybe do 3-4 different excersises and then finish with 15 min of abs. 

My goal is to really cut my body fat down and tighten things up.  Am I on the road to that? 

Also I don't eat bad, but I'm pretty much always hungry and never full since I started working out. 

this is somewhat similar to my prev routine. it is run of the mill. takes time. but it will work.
just make sure u concentrate on a decent warmup and then do abs on alternate days or once in 2 days depending on ur recovery period. 
dont do it everyday. abs are also muscle groups. u want them to recover and grow.
DO Squats.
dont cheat on form or the diet.

PS : try mark rippetoe's workout. it s addictive and u get sure-shot results.

Anbe Sivam. Period.

also refer to dan's posts and smoundzou's arguments. u ll understand BB better.
Kudos to DanMirage and the rest of the folks!

Anbe Sivam. Period.

You need to make sure your diet is in check for leaning up, calories and actual food choices need to be sorted. Post your diet up, I'll have a scan, I'm sure others will too! I'd maybe cut down on that cardio a lil bit, maybe do 3 days cardio and a day weight routine -and find a routine that has you pushing yourself a little more!