I got rid of cable for plain old high speed internet for about a year. (my old bill with just internet and regular channels HD was near $200 a month )
If you have a Smart Tv that works with the internet it's cake. Or Even they have those appletv boxes are like $100 or Sony Google Box you can for about $200 and hook up to your TV like a cable box, to use the internet. I've watched both I'm not sure the difference of features for the prices, but they do basically the same thing.
From there you can have your Netflix, and Hulu subscriptions for like $8 each a month and that can keep you pretty busy.
Even though Netflix doesn't update as often. But Hulu has most of the major channel shows the day after they air.
For me, I have only one or two shows I like and HAVE to watch when they come out,ex: Mad Men, You can pay for the new season on Vudu for about $35 at. Vudu handles premium shows and newer movies.
You can own them on your system The day after the new episodes air. Or pay $2 or whatever per epsiode the next day. To some people that sounds like a lot, but, if you only have a couple shows you NEED to see it works out to be wayy cheaper than paying the effin $50-$100 every month for the added channels to have AMC etc. on your cable plan.
The only problem with this is sports. If your into sports your a little screwed. So I got regular cable/internet back with a different company but the price just jumped from $70 to $130. SO I called the other day to get rid of the cable again. But kept the very basic tv, the major broadcast networks, plus my high speed internet. That way for sports you still have fox, abc, and nbc. And hey, if it's a good game you can always go to a bar or a friends house or something
At least then you can pay on the internet for what you want, as you want it. Or yeah there's always Torrents and stuff too if you want to go that way.
And it's also more fun to just watch Youtube stuff, random internet documentaries, MFC :-D etc. Just right on your TV.
I've found on the whole, doing this, I'm more conscious of what I watch and waste less time in front of the TV. I only watch what I want when I want to, and don't get as easily sucked into random garbage I'm not really interested in but happens to be on. :twocents-02cents: