I dropped my cable almost exactly a year ago. Best thing I ever did. Have my laptop hooked up to TV via VGA cable, audio from headphone jack on computer to back of TV which plays though my stereo system.

Use HULU as my DVR, by subscribing to my favorite shows, use Netflix, abc.com, NBC.com. Bravo.com, CBS.com to watch shows that I do not watch live, and for those that are not available through any of the above, purchase on ITunes. My cable bill was $120 a month, now $0. The only thing I miss is CNN, but when breaking news they stream to the IPad, so it's all good.