Matt and I don't have cable. In fact, we never had cable (at least at our home/apt). When we first got in our apartment, we were so set on paying off student loans and our car payment that cable was the last thing on our mind. We had free Hulu and a Netflix subscription - and that was fantastic for us. Total cost per month: $9
Once we bought an X-Box, we decided to pay for Hulu Plus as well, that way we could watch shows from Hulu directly from the X-Box (you can't do it without Plus). Total cost per month: $17
Right now, it looks like Time Warner Cable has TV and internet for $79.99, I'm not sure if that includes DVR or what channels are included, but even with us paying $33/month for internet that still brings our total cost $50 per month.
We might not have no cable forever, but for now, it's what works for us.
Do you have cable? If not, what do you do for TV?