I cut the cord years ago. The few shows I like I watch online, and like others say, if they start charging or making it too much of a pain to watch, I will just go without.
Most of the time when I'm at a friends house that has cable/sat, I surf through and find nothing of interest on. So when I'm bored it just means I have to find something more productive and fulfilling to do then sit on the couch and watch whatever crap the media companies are trying to shovel down my throat this week.
I like hulu a lot, and noticed they started taking back episodes offline. It's a shame because sometimes I show somebody a show they haven't seen before (like 30 rock) and can't show them more because of network greed. I think that now that anybody can host a TV show on the internet, their empire is falling, and they're going to try and squeeze every last drop out of it before it falls.