Giving up cable, Part I

The new year tends to be a time where we look at our lives and ask ourselves how we can simplify.  Because I tend to be away from my house during the evenings and I have completely fallen out of love with TV because, lets face it, its mostly crap.  When I am home, I am a huge fan of being online, and I have found that while DVRs are nice, they pale in comparison to watching your favorite show on DVD.  I am therefore leaving AT&T and going back to Charter for the purpose of only having an internet connection (they are giving me basic cable for free).  I am going to be able to have a nicer internet connection, which I use, and if I find myself wanting to watch shows, I will have money left over to rent Netflix movies.  Now my friend Jonathan won't be the only person I know without access to HD tv.  I actually find TV in the traditional methods to be quite passé; there are just so many other options to receive entertainment content.  What are your thoughts?  Could you live without cable?  The switchover happens on Jan 14.  I'll write part II after the switch happens.