Yeah, premium channels are digital these days, and you've gotta have a receiver. Even so, I enjoy having the full menu of digital cable channels. Even though I don't watch a ton of cable, I enjoy having such varied stuff as the Tennis Channel, Discovery Science, Fox Business, and G4, at my beck and call whenever necessary. I occasionally look at my cable bill with the intention of dropping some services, and find that there's really nothing I feel like doing without.
However, I balk at the concept of paying $13/month for ONE network, for two shows, with 10-12 episodes each. I rarely watch movies, which is mostly what HBO is for. Even with Game of Thrones and True Blood, HBO is not worth the price. I can see the episodes for free when they air, and then buy and own them when they come out on Blu-Ray. Hell, I watch twice as many Showtime shows, and even Showtime isn't worth that much cash to me.
With this logic the only reason to pay for something is if you believe there is a high enough risk to get caught. So why pay for the BluRay versions? Why not just dl and burn them?
It's pricey and it and True Blood are the major reasons I do have HBO right now (unfortuately I didn't get as good of a deal as Pellaz got). But if I didn't have it, I'd likely just wait until they were available to rent. I just can't imagine dl'ing and watching them on the computer, or streaming them on something like justin.tv.