We just cancelled our satellite subscription which should lead to much more TV off-time. Throw in the writer's strike and the fact they give away Faux News but charge people more for somewhat more real channels, and I'm not missing it much.
I pretty much only watched DIY, HGTV, the premium movie channels, and Mythbusters, but between Netflix and all of the on-demand stuff available over the internet, it's hardly a loss. Now my kids won't be watching endless ads for crap that nobody needs during their cartoons, and they just might have to do something active or read!!
I guess having grown up with just 3 over the air channels for so much of my youth, I don't have allot of sympathy there.