This past spring hubby and I gave up our cable. We now use one of those digital converter boxes and antennas. I thought I'd have nothing to watch. Actually, I think we've watched more quality programming than before. PBS (there are now five of them we can watch - there is seven actually but one is in Spanish and one is the state Legislative channel) has become a mainstay. Between all the concerts, travel, cooking, gardening, home improvement, nature and documentaries we are covered. There are even two 24-hour weather channels.
There's only one show I miss, watching the Rays on TV. But, there's always the radio. What it comes down to is that when we had a hundred channels there were many times when there was nothing on. So now I don't feel bad when there is nothing on as it costs me nothing. Bonus? I'm reading more often.