At home we canceled our cable subscription a few months ago. We hardly ever used it any more. Instead we were downloading content to a makeshift media server and watching it on our own schedule. Many of the shows I like (e.g., Colbert Report) aren't even available over here.
Upstairs we had a gorgeous big screen HDTV set that was being powered by one of my old computers, a nice P4 machine with 1GB of memory that was running the TurnKey Torrent Server appliance on bare metal.