I am in the final stages of getting rid of TV and Phone myself. I have been testing VoIP for about a year now and have found it good enough to replace my landline - you get a VoIP with incoming geo landline number for free... As for TV, well, I've bought a freeview PVR which will pay itself off within a year. I get just about all the channels I recieved on NTL free on freeview (Im on the Select Pack), with the exception of VOD and Sky One, but with a PVR you dont really need VOD.

And my PVR has twin tuner, so I can record 2 channels and watch a third, NTL isnt releasing anything like that until next year, and even then you have to pay for the priviledge.
There is money to be saved if you try.