We had no cable (only clear internet) for about 2 months.
Family TV time was scheduled to a couple of nights a week, but very little random viewing. We had a stack of shows downloaded, plus netflix and hulu.
A couple of shows were missed, but just because I didn't care enough to go get them.

BUT: The wimmen were not amused. they use the TV as background noise, and expect to flick around and use the channel guide and hit pause on any random show that they are interested in. The immediate gratification and choice selection (of shows I would not spend 30 seconds on, and certainly not track them down and download) went far beyond anything I neeeded or cared about.

So it set us up for arguments. Why was I keeping their shows from them? Not a good place to be in.