I canceled my cable last year when they upped the price to 50$ a month for basic cable (F-U cable one) since then, i use netflix on my xbox for only 9$ a month, unlimited use, no commercials. best 9$ spent.
We stream almost everything we watch over the xBox now. If you cancel any cable/sat programming and have a console that can pipe Netflix to your TV, there's not a lot you'll miss. I use a service called
PlayOn since I don't pay for the xBox Live stuff and can get hulu, Netflix, and a bunch of other stuff streaming via xBox to my TV. Really don't need more.