I have some regrets. Both with "why didn't I do this sooner" and "I wish I could watch _____ or _____ or _______." Almost got talked into DirectTV at Menards of all places, but after 20 minutes (really), I decided against it.
The Walking Dead is the big one for me. Kills me that I have to wait to watch them until Netflix gets it. None of my friends are really into shows like that so I can't invite myself over or anything either. I also miss HGTV but really I was wasting time when I watched those kind of shows anyways. I also miss Snapped on Oxygen.
Right now I have Hulu Plus and Netflix. Love going back to older episodes of American Dad, Glee, The Office. I'd say this arrangement works for me. One problem I noticed though, is that Saturday Night Live cuts out stuff on Hulu/Netflix versus the live broadcast. For example, some content with licensed music. They pay to air it, but it costs more to for online rights so they choose to cut it from Hulu. Some licensed music does make it threw though.
Not really into sports so that's not a biggie for me. I'm a bandwagon-y Twins fan and an even more bandwagon Vikings fan. I watched the playoff game the other day on NBCsports.com or whatever and that worked fine. Twins sucked last season and they'll suck again so I won't be tempted by that.
You won't miss it at first, but every once awhile you'll miss things here and there. If I could afford to stay home all day I'd like cable but with my limited schedule, I feel like I plenty of DVDs, Blu rays, books, and games to play in the off chance I have some free time.