One reason to regret not having TV and cable is when the Olympic’s are coming up. Though if you’re in the US coverage of the Olympics has generally been not so great and delayed – so you may want alternatives even then. So how can you watch the Olympics if you don’t have TV or if you want some alternative?
http://lifehacker.com/5930437/how-an-american-can-stream-the-bbcs-official-olympics-coverage-and-overcome-nbcfail
http://m.wikihow.com/Watch-the-Olympics-Online
If you don’t want to figure out how to stream via the Internet and have to potentially spoof your IP address, there’s the HD antennae option. Check out this link for info on both options: http://www.forbes.com/sites/amadoudiallo/2014/02/01/how-to-watch-the-sochi-olympics-without-a-cable-bill/