I cut the cord a year ago... The hardest thing has been the fact that we live on the edge of our possible OTA antenna reception area. So I get maybe 10 stations at any given time. We like to watch football and baseball mostly and that is great as most NFL games are OTA... baseball not so much. For BB we go over a friend's house with cable and go hang out with them  .
We have Netflix and Amazon Prime. We use XBMC on a HTPC (home theatre PC) on occasion using the XBMC mashup (do a search) for some content. We got tired of Hulu same ole network crap.
Check out Reddit/Cordcutters for additional info - I learned a lot from that forum.
Don - to record over the air I use a cheap $40 TV capture card in my desktop - using Windows Media Center - it has complete TV listings as well. If I were to do it again I would buy this:
Amazon.com: SiliconDust HDHomeRun DUAL High Definition Digital TV Tuner HDHR3-US (Black) (2013 Model): Electronics
But I just don't care enough to record shows anymore.
My bill went from around $250 to now $40 for Internet, around $20 for Netflix. Amazon is a freebie as far as I am concerned. We just received an offer from Comcast in the mail... they are offering us Blast Internet, an HD DVR and HD cable, with Showtime and HBO (limited period) for some $99 a month for a 2 yr contract. We briefly considered it and decided for us - we like not having TV in our lives as much. Saving $$$ is a pleasant bonus.
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'78 SC Wide Body, '81 Engine. M&K 1in2 Out, Carrera Sways, ER F&R rear monoballs, ER control arm bearings, ER spring plate bearings, turbo tie-rods, ER strut brace, Tarret Drop links, Bilstein custom-valved shox, Rebel Racing bump-steer kit, 22mm F, 28mm R TBs. Rebuilt calipers, new wheel bearings.
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