This is a few months old but it's a good article on how some Americans are finding cord cutting more expensive than their old cable bills.
http://www.latimes.com/business/la-f...htmlstory.html
I suppose it all comes down to what you want to do to watch and do you want a DVR. With Amazon launching their Amazon channels here in the UK, and charging around £5 per month for the likes of Discovery and Disney Life, I can see how this might happen in the UK also.