I haven't had cable in years.
I have never been much of a TV watcher but I find that between Netflix, local broadcast (over the air) tv, and the 4 sports bars within 5 miles of my house I am just fine without cable.
Netflix and before that blockbuster (rip bb) lets me watch a movie at home once in a while.
Sports...There are 3 teams I care about and two of them are local and likely to be on ota tv; plus sports are much more fun to watch at a sport bar with a bunch of people around you cheering, then they are to watch at home by yourself.
I go to the theater once in a great while if there is something that I really want to see on a big screen but those are few and far between. It is a shame really because I used to love going to the movies but they have ruined the experience between the price and the crappy remakes and reboots of old movies. Is there no one left in Hollywood capable of an original idea?
By the way, over the air tv has a MUCH better high def signal then the local cable company. When I watch something at any of my friends houses I always notice how bad the cable signal is in my area. I don't think they will be getting my money any time soon.