It is all overblown by people who think they see the future. The only true cord cutters are those who drop all cable services (including internet). I don't see Netflix customers as cord cutters as they still have a cord coming into their houses.
But then you get the realities if you go streaming, etc. Just as the new fios packages basically try to get you to add as many packages as possible by distributing the channels, most people find out that Netflix even with Amazon Prime and Hulu Plus do not serve all their needs and stick with cable or satellite bundles.