I am considering a revolutionary change in our household.

Cancelling the cable.

The vast majority of the shows we watch are available for free streaming on Netflix or Hulu and the ones that we must watch NOW (I am looking at you Lost), can be purchased on iTunes for only a couple of bucks an episode.  Add it up and it results in a substantial savings when the cable bill is $100+ each month. 

There is a catch.  UK basketball and football games. 

I am serious when I say that UK games are the only thing holding us back from cuting the cable and relying on a strictly internet based television system. 

I can subscribe to ESPN360 and watch the games on the computer but that doesn't really work well.  I haven't figured out a way to get it on the TV and even if I could, the resolution is crappy.  I know that there are some fellow ASOBers out there that are watching games via the internet, and was hoping that this wonderful community could offer a little advice.  

As anyone found a high resolution internet based system to watch UK games on the TV?  Am I crazy for considering such a system?  As anyone else made the jump to IP based TV?