How long has it been since you cut the cord? The newest digital cable boxes like Comcast's X1 platform are rather impressive. I cut the cord for a while, but when I went back to digital cable and was upgraded from the old school Motorola DCT boxes ( the ones with the ancient, ugly UI's and 1080i max output) to the modern X1, I was pleasantly surprised by how nice it is. Even the remote is very high quality, with voice search capabilities that actually work great (not just a gimmick).
I never watch ads. I DVR every show I like with ads and then skip them, but plenty of the stuff I watch is on premium channels with no ads. There's also TONS of ON DEMAND content available with Comcast's X1. Honestly, I think the X1 is much better than using Netflix and Hulu. I'm more of a movie buff than I am with shows. Netflix is great if you're into shows but I find their movie selection terrible. The new X1 box is nice. It has a large capacity SSD and also backs everything up to the cloud periodically, plus I can stream live TV to any of my devices just by firing up the Xfinity app on my phone. It'll record up to six channels at once. All in all it's worth the money IMO. What I myself do is get on a promotional deal for a year, then whenever the promotion ends I downgrade my digital package, wait a week and upgrade again and get another promotion. It's funny how they keep letting me do this, but it keeps my bill WAY under the normal rates. Still higher than cord cutters but I get all the nice options of the X1, including all that ON DEMAND content they have (they also offer some web content). Cable may not be worth it in some areas, but where I am I believe it is. I had Netflix and Hulu for a while but once I watched all the original shows I liked, I just got bored with them. Since then Netflix added some original shows that I hear are pretty good though.