I haven't had ANY television service for over a year, cable or broadcast. We do, however, have Netflix instant streaming on our Wii and the "3 DVD's out at a time" package.
I don't miss television at all. I can get my news from the internet, a lot of the stuff we like is on instant, and for the lots of stuff that isn't, we order the DVDs and give 'em the ol' DVDShrink and burn treatment.
I recommend the option I went with, provided you have a good broadband connection.
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