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I had already owned 2 Roku XDS boxes, and had the Netflix service but I found if I added Hulu+ as well then I had access to much more immediate TV Shows and Seasons than you could find on Netflix. So here is how I worked my plan.
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I stripped out almost my entire TV package down to only my bare minimum channels, and removed service from 2 of the 3 TV’s in my house. I now use Netflix / Hulu Plus only for the Kid’s television and they can get all the kid’s shows and movies they want and aren’t affected much. With Hulu Plus channel coming to the Nintendo Wii soon they can even get easier access to the Hulu Plus TV shows as well.
So, with Netflix and Hulu Plus I am paying about $19 per month or so for those two services, but I also reduced my satellite bill by over $60 by reducing the number of streams and channel packages. This gave me a net savings of about $40 every month just by making this arrangement.
I did find that I couldn’t replace satellite completely, the lack of LIVE TV on Roku makes it impossible for CNN junkies like my wife and I to watch real time news if I were to cut my satellite completely. But I was able to save quite a bit and every little bit helps.
So live news and local channels (I can’t pick anything up with HD Antenna for some reason) are the only reason I really am keeping a Satellite TV subscription at this time.