You can get FREE HDTV for life with the right equipment. It might sound like a bad infomercial, but I switched from cable/satellite entirely to Over-The-Air digital broadcasting and now I have all the major networks plus a number of great free stations. With HDTV packages over $100 a month in most areas - particularly here in Boston - this saved us a boatload of cash.
If you're interested in getting HDTV over-the air, you'll need an antenna and receiver. Check out:
Find out what stations you'd get
http://www.antennaweb.org/
Info on your area and DIY help
http://www.avsforum.com/
Where to purchase supplies
http://www.solidsignal.com/
http://www.partsexpress.com/
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