So I broke out the cost and I have to tell you, if you're not the kinda of person that requires a continuous stream of television running in the background, iTunes is way cheaper. Consider this: My TV bill runs minimum $767 annually (promotional rate). That's one HD box and one HD DVR. Think this is enough content to get by?: Rent entire season of 8 TV shows: $176 Buy 4 season passes: $192 So that's about half the cost AND you get to keep 4 of those shows. I didn't count the cost of Netflix b/c I'll subscribe regardless if I have cable or not. The savings goes up if you buy HD movies instead of Blu-Ray for new releases, although you might have to break even your first year if you need to buy adequate storage (2TB-4TB plus backup).