MEV could extend Hubble space telescope life. May even be able to bring it within range of ISS so it could be serviced by crew vehicle.
The inclination difference would require a huge change in delta-V, which makes that impractical. Reality is nothing like the movie "Gravity".
This got me thinking, though - how much delta-v
would such a plane change require? (I don't really know how to do the calculation myself short of firing KSP in RO and trying it out, which I'm not presently set up to do...)
MEV is designed to provide a lot of delta-v over its many-year lifespan, including raising itself from GTO to GEO (at least 1500 m/s in the "ideal" case of launching from an Ariane 5 to a 0-degree GTO, but more like 1800-2000 m/s if launched from the Cape or from Baikonur, as the first one did), then providing station keeping service for several years with a heavy satellite attached.
IIRC, GEO comsats typically budget about half of their delta-v for the raise from GTO->GEO and the other half for stationkeeping over their typically 10-15 year lifespan. That means in the ballpark of ~2000 m/s to station-keep a GEO satellite for as long as MEV is designed to (accounting for the fact that it's to do multiple 5-year job increments on different satellites).
Electric propulsion complicates delta-v calculations a bit since it normally forces the satellite to take a less efficient trajectory, but going off my Kerbal experience at least, I don't think that would matter as much for an inclination change (not if it's done as a straight inclination change, without raising/lowering the orbit), since the Oberth effect doesn't really help with that anyway.
On the other hand, Hubble is pretty heavy (11,110 kg per Wikipedia) compared to GEO comsats, especially comparing to the dry mass of the comsat which is more representative of what it looks like at the end of its inbuilt propulsive life when MEV takes over.
All of this is to say, moving Hubble to the ISS's inclination would certainly be a prodigious delta-v expenditure, but MEV should have a decent amount of that in stock, so I'm not sure which would "win out". I imagine the MEV would be fully or nearly depleted in such a case, meaning it does the inclination change and then is done (perhaps requiring a second vehicle to be sent to maintain ongoing station-keeping).
This would definitely be expensive, but it would be small potatoes compared to the costs of past Hubble servicing missions - and the benefits of moving it to an inclination where crew missions can be staged from the ISS or commercial successors could be quite substantial. Besides allowing servicing to be performed cheaply "on the side" of ISS crew missions (vs. requiring dedicated launches), it would allow crew to take refuge at the ISS in the event of a contingency - a major concern for the last Shuttle Hubble mission (STS-125 which required the STS-400 rescue shuttle to stand by on the pad). That may be less of a concern for e.g. Dragon since it doesn't have the Shuttle's heat shield/foam strike woes, but NASA is once burned, twice shy, so I could see them really appreciating the flexibility.
Doing this with Northrop's more advanced modular/pod-based successors to MEV would make the equation even more attractive by permitting the vehicle's delta-v to be easily scaled up. MEV is a relatively small bird relative to the capabilities of today's launchers (especially if launched solo, and to LEO as it would be for Hubble), so it'd be smart to increase the fuel load at launch. Modular fuel pods would also allow it to be refueled again and again to provide Hubble station-keeping for decades. (And at the ISS's inclination, those pods could even be piggybacked as unpressurized cargo on an ISS cargo launch.)
I do feel obliged to point out (because if I don't, someone else will

) that this could all be moot in an era of cheap daily reusable Starship launches, which could readily be performed to any inclination. The rescue/staging advantages of being in the ISS's inclination are far less if another Starship can be called up on short notice to Hubble's inclination. Still, the plane change would be a one-time expense, and not a huge one at that by Hubble standards. 51.6
o is likely "the place to be" for future successors to the ISS (for several reasons*), i.e. anything in that same inclination is "more valuable real estate" than elsewhere in terms of human spaceflight and EVA servicing potential.
*The reasons I suspect the ISS's commercial successors will end up sharing its 51.6
o inclination include:
1. International accessibility - a high inclination is required to reach it from Baikonur. (This is why the ISS is at that inclination in the first place, as was Mir before it.) Russia right now seems to be more interested in cooperating with the Chinese going forward but they're still involved at ISS and I can't imagine NASA would want to "freeze them out" from future participation in any case.
2. Easy/cheap travel between stations. ISS will likely have some overlap with its commercial successor(s) before it's retired, and I'm sure NASA would really, really like to be able to ferry people and supplies between them during that overlap without requiring a new launch. Historically, this was done during the Salyut 7/Mir overlap and was planned for Mir/ISS (but forestalled by ISS delays which kept it from launching until after Mir's reentry).
3. Permitting land touchdowns of capsules in the continental U.S. When Space Station Freedom was in the works prior to becoming the ISS, it would have been at the 28.5
o Canaveral inclination. NASA contemplated buying Soyuz capsules from the Russians for escape pods, but would've had to launch them (unmanned, two at a time) in the Shuttle's payload bay since Soyuz couldn't reach that inclination (at least pre-Kourou); and because the orbit's ground track only passes over the southern tips of the continental U.S., they had to consider landing in the Australian Outback because a parachuting capsule like Soyuz needs a wide open space to target. (Trying to land in Florida or South Texas would have risked a splashdown if it went at all off course.) This isn't a problem for Dragon or Orion, but it would be a problem for Starliner. (Dream Chaser, like the Shuttle, does precise runway landings so it doesn't have this problem.) Having the ISS at 51.6
o opens up a lot more options for land landings, and that would remain true for commercial successors - probably outweighing the delta-v cost vs. 28.5
o, which can be easily paid by today's powerful rockets (unlike Shuttle which had to undergo extensive lightening).