I cut the cord five or six years ago and one of the best purchases I made was a product called PlayOn and it's sister product PlayLater. These computer programs (in conjunction with a Roku, PlayStation 3, Wii or other compatible device) allow me to watch Hulu (the free one!), Netflix, and a variety of other channels on my TV. The Hulu is especially nice for me as I didn't want to pay for both Netflix and Hulu Plus; this way I can still watch everything comfortably on my TV and lose one subscription plan. You can either get PlayOn as a monthly subscription or purchase it outright.
Additionally, the PlayLater program acts as a DVR on your computer. This allows me to record the TV program (from Hulu, Netflix, whatever) to my computer and save it there permanently if I want. I can even have the program convert the files and import them to my AppleTV (heaven!).
The developers also have a lot of add-ons (Cartoon Network, HGTV, etc.) so that videos on those websites can be played, recorded, whatever on your TV. It's been a real life saver for me!