Hey! Join the club
I stopped watching TV almost two years ago. I find it funny that my degree is in television and radio sound production, but I'm moving into cinema since I know movies aren't going away any time soon!
Personally all you need is a computer hooked up to a TV. Doing so isn't difficult. When I find myself back home in North East I hook my macbook pro up to my parents television and surround sound system for some commercial free TV.
There are bunch of great websites that offer free or limited commercial breaks. Here are a bunch:
www.hulu.com
www.fox.com (for me it's 24. I love Jack Bauer)
www.surfthechannel.com
I will never waste money on cable ever again. If an online TV system came out I would gladly pay cash for it if it was a la carte. I would consider cable or satellite again if A la carte came to be. Until then I have the internet.
You do have high speed internet right? I find that more of a necessity then TV.