I cut the cord in December 2011
I cut the cable TV out of my cable bill and I hardly miss the TV portion. I receive 14 OTA channels from an outside antenna that was attached to the roof but never had a cable run down from it. Called an antenna specialist and he climbed up there, ran the cable down into the house and attached it to a distribution system and all the outlets were a go. He charged me $75 for his time & materials and it took him about 45 minutes including aiming the antenna for the best signal.
I do miss the Big 10 Network, but that's the only channel I miss.