I have been doing this for a couple years now. I go to the stations websites, (abc.com, etc) and also Hulu.
Its great because I can watch the shows I want on my schedule. I haven't had cable in a few years now. The only downside is that the shows are not available until the day after they air on tv, but that doesn't matter to me.
I was wondering the same thing nosnred, i'm calling AT&T and cancelling the whole Uverse pkg with them on monday. I switched to Clear for my internet and it's the bomb it hauls ass and I can take it with me anywhere.