I cut the cord last November, upgraded to a 22/5 Internet connection. Haven't looked back. $170/month saved every month we don't have DirecTV. I did the same thing with my old Multiboxing PC. Put it out in the living room as a media PC. Wife loves it. Also just put a RaspberryPi running RaspMBC in our bedroom to play media from the living room PC in there.
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