yeah, I've regretted it a couple of times but I genuinely didn't watch it that much. Just the NFL on Sunday, big English games and a few Barca/Real Madrid games. I used to watch ESPN & ESPN America a bit when they were "free" to UPC customers too. When they were replace by BT/Setanta I went from having loads of sports channels to only having Eurosport in about 3 months.
We got rid of Sky movies at the same time and haven't regretted that one bit. Netflix and downloads is perfectly acceptable.
Our telly is mostly used for cartoons and the like at the weekends.