My new ISP relies more heavily on individual channel streaming sites rather than hosting their own central portal for it, but again, the on demand experience is more or less the same I was familiar with from Hulu, CBS All Access, and other online sites I've used.
In fact, if there is any issues with the comparison, it'd be that a real TV service will let you watch things live if you want to, whereas streaming sites often won't carry something until the day after. And if you get a DVR, you can hold live TV almost indefinitely, whereas on demand services tend to expire shows after several weeks.
Funny enough: My friends who never see television ads, I sometimes feel like they miss out on a lot of meme-worthy things. Sometimes I'll reference a commercial (like Grammarly, which is pasted all over YouTube), and people don't know what I'm talking about. It's weird. As annoying as ads are, they've become a significant part of our culture and it's odd when people don't see them.
Imagine if you happened to not know what the Geico gecko was or have heard the commercial from which the pronunciation "diabeetus" came from.
On top of that, they understand when cable goes out it just happens. But if thier internet went out and they couldn't watch TV, they would be really frustrated. Besides they live in a small town with a 150GB cap on thier DSL and a 300GB cap on thier cable internet. My family blew right through that when we stayed with them for the summer.