Although the initial investment was costly, totaling $550, it took only a few months to recoup the money. Back in the olden days of cable we were forced to shell out a relatively standard $140 a month, for television service alone. This cost gave us access to a digital video recorder and hundreds of unwatched TV channels.

Contrast this with today, where our only expense is $9 a month to stream Netflix videos from the Web and the $30 a month that we always spent on an Internet connection. O.K., maybe that’s not completely accurate. When the wireless keyboard died a few weeks ago I was forced to spend another $4 for two new AA batteries. We’ve not yet recovered from that financial loss.

We still come home from work and watch any number of shows, just like the people who continue to pay for cable. We just do it a little differently, starting the computer and then using services like Hulu, Boxee, iTunes and Joost. Another interesting twist to this experience is that we’re no longer limited to consuming traditional programming. With these applications we can spend an entire evening flicking through videos from YouTube, CollegeHumor or Web-only programs.

Here are a few of the applications on our home setup:

Boxee is probably the most clicked icon on our television. You can download this free open-source application from Boxee.tv. It’s important to note that it’s still in test phase and a little rough around the pixels, but over all it allows you to access almost any type of video content online. You can easily stream CNN, Current TV, PBS and more. Most important for us, Boxee easily allows access to the Netflix streaming service, which offers up thousands of movies and television shows (just not always the most popular options).

Next there is Hulu Desktop, the joint venture among Fox, NBC, ABC and many other mainstream programming outlets. This service allows you to watch more than 1,700 television shows, including traditional favorites like “30 Rock,” “The Daily Show With Jon Stewart” and “The Office.” Hulu’s downloadable desktop application, as opposed to hulu.com, works extremely well with large screens. Apple’s iTunes application replicates all the features of Apple TV, allowing you to buy or rent movies and listen to your music collection.