We have an AT&T U-Verse package that includes Internet and "cable" together, but I have considered ditching it. I only watch a few shows that I'm pretty sure are on Hulu Plus (and I can always just get them from the INTERNET STORE) or stream shit anyway.
My wife likes to keep Bravo on 24/7, however, so I don't know if it would fly with her. I swear that channel replays the same five shows (three "Real Housewives" programs and some cooking shit) over and over and over again every week.