You won’t miss it.
A couple of years ago, my wife and I canceled our cable TV. We kept internet access, though, and now get all the TV content we need via Netflix streaming. We even tried Hulu+ for a while, which was OK, but decided we didn’t need that either. Netflix streaming seemed to cover our needs at a fraction of the cost of cable.
And we barely watch TV. Usually I watch TV *maybe* for 1 hour a week. Maybe. Although recently, this stupid anime Fullmetal Alchemist has sucked me in and is taking up more of my precious time. Hrm.
While we like Netflix too because of classic film availability, I hate to break it to you but the head of Netflix is a huge lib in Los Gatos, CA.