Aereo (http://aereo.com/) is coming to Baltimore and we got in on a free three-month beta test.
Sara and I have been toying with the idea of dropping cable and going with streaming options. On a whim I signed up to try this alternative to installing an antenna.
It's not bad. It also includes twenty hours of DVR, though one would need to rent a second antenna for four dollars extra to watch live TV and record at the same time. Live TV can be paused. A few cons are some buffering (if on "high quality), some graphical glitches, and a fast-forward UI that's not user-friendly. They also keep getting dragged into court over the legality of streaming content, even if they have separate antennae for each user.
Over-the-air antenna would still be the best savings in the long run (presuming a comparable amount of channels can be received). If DVR was important, then that hardware and rental fee would be thrown into the mix too.
My brother and I don't watch much live TV, except for sports. Most shows are DVR'd and watch whenever and then Netflix and Amazon streaming for other stuff.
Well, I'm glad we didn't get used to Aereo. SCOTUS says they are breaking copyright laws: http://www.nbcnews.com/news/us-news/u-s-supreme-court-pulls-plug-aereos-streaming-tv-service-n140486 (http://www.nbcnews.com/news/us-news/u-s-supreme-court-pulls-plug-aereos-streaming-tv-service-n140486)