Basically the cord cutting decision comes down to how much you value brand new content or the social component of watching and discussing that new content with friends. The last episode of Breaking Bad was admittedly the big media event of last year. I'm patient. I'll keep the cash and wait.
Eavesdropping on a conversation and only catching the odd word is one of life's great frustrations. Asking people to speak up or moving your chair to join their table is not likely to be met with much enthusiasm. So what's to be done? Amplify!