Can Netflix Replace Television?

Since I don't have cable TV here, and Blockbuster sucks so badly, I decided to join Netflix. Now I've spent the past two days surfing the Netflix site and picking out DVDs. I haven't even received my first 3 movies yet, and I've already got 36 more stacked up in my queue.

It's fun and addictive to pick out films from such a huge selection. I'll never be starved for pre-packaged, sofa-based entertainment again!

I'm wondering if Netflix can permanently replace television for me. Thanks to the proliferation of "reality" shows it's finally gotten to the point that there isn't one single prime time show any night of the week that I have the slightest interest in watching. There are a few oddball things I might want to see on cable, but not really enough to justify the cost.

The only thing I'll miss is the Sopranos, whenever it comes back, but that's probably another year off anyway.