I think the app still has a great deal of value, even with some of the channels in dispute.
This is a great step forward in the "post television era" where many of us watch TV without owning a TV set.
Essentially, those channels that opted out have told consumers that, "we're not relevant anymore, go find a substitute channel for entertainment." If I want to sit out on the lanai and watch something, do they really think I'm going to set the iPad down, go inside, and turn on a TV?
Now if only TWC would get the App working in Hawaii...