No, its worse. I don't have cable TV at all. I don't want cable TV, not even a basic subscription.
Watching shows on Netflix has revolutionized my relationship with US TV, which was previously most easily characterized as "people trying to sell me crap every 15 minutes? i'll pass".
All I want from HBO is the ability to pay for their content (ideally the content that I actually want) and stream to a device of my choice (preferably one that runs an open source operating system), and watch. No contracts with cable companies for a package of channels that I have no interest in.
One day, the content makers will get this (netflix already does, nearly).