TV as it is now is dying, and I couldn't be happier. In the next living arrangement I find myself in, roommates permitting, I am seriously considering not getting TV service. I'll keep my TV with the xbox hooked up, and a dvd player, but I want to go without cable or satellite. For one, it will be a huge time saver. I don't even want to begin to think about how much time I'd save not lying on the couch. Then there's the money. When all is said and done, in our house of 5 people, we spend about $60 a month on cable, or yearly a little over $700. And this is to watch canned shows, with a 30% ad content. When you stop and think about it, it's actually pretty rediculous that TV occupies such a central spot in our lives.
I've written about how great BitTorrent is, and another great thing about it is how you can download almost any show after it airs on TV, without ads. If this natural market shift was to be allowed to continue, television production would need to change it's source of revenue from advertising dollars to something along the lines of audience subscription. New shows would involve a certain amount of risk, but investors could back projects much like they do in the movie industry hoping for returns. But until then, I'll take my free tv, ad free.