Thankfully, that's not going to happen. AMC tried cutting BrBa back to only 6 episodes next season. But Sony owns the rights to the show, so they shopped it around. AMC caved. For all the press Mad Men gets, Breaking Bad has ~2x the viewers per episode, and Walking Dead (which had it's budget cut due to Mad Men's cost) gets about ~2.5x the viewers.
[Edit: Removed my snarky comment about AMC's management.]
http://www.mediapost.com/publications/?fa=Articles.printFrie...
http://main.stylelist.com/2010/08/05/dove-mad-men-commercial...
Very glad it is coming back for a second season.
I actually just purchased a Roku the other day and connected it to Netflix, Hulu, and Amazon. Prior to that I was using my Xbox for these services (not Amazon). Roku is pretty cool but very buggy and slow to load. I am not as impressed as I thought I would be.
Of course, the Roku also does Hulu and Pandora, and I have a second one upstairs on the non-SD tv. From what I've gathered the Apple TV 2 doesn't play nice on SD.
Roku 2 has access to a lot more content, but the experience of surfing channels is kind of fragmented. The included Angry Birds game and motion remote rock tho!
I have all the users that upload old Formula 1, so I can watch old races whenever I want.
Democracy Now also has it's own Roku channel, as do many many other things like Ted that you might not have thought of. It's worth spending some time on Google searching this stuff out.
I'd say I spend more time watching YouTube, NetFlix and HULU+ on the Roku than any other consumption mechanism.
Local news on OTA HD follows behind.
One slightly sad note, I only have the base Roku, and it's quite slow (maybe buffering), so my 2 year old is now utterly tolerant of loading bars, and will watch the loading bar, since she knows that content will follow. Her absolutely favorite thing on TV, though she doesn't watch much (seriously), is the mime segment on Nihongo Quick Lesson, NHK's little Japanese-lessons show that runs about 2:15pm, right after her lunch. I guess really, it's not much different to me as a kid waiting for the TV to warm up and show a picture...
The thing is, like you said, the technology has changed. I want shows on my current setup. I am willing to pay more for more content. One thing I thought was very interesting is Apple removing TV show rentals. I never purchase movies or TV shows. I like to rent them, watch them once and I usually don't want to watch them again. If I do, I will rent it again.
Why can't content providers understand this? Netflix and Hulu need to start creating their own content, which I know they are both working towards.
One semi-related note: AMC is ending Breaking Bad next season because of Madmen sucking up the budget - Netflix and Hulu: go buy that show! I would gladly pay for a show-specific season pass just to watch Breaking Bad.