We only watch tv after our little one has gone to bed, and then only an hour or so. We have one tv in the house, and do have satellite tv and a DVR. The only reason we have the satellite tv is because my mother lives in an apartment in the basement level of our house and she refused to live without it. So, she pays the bill. Otherwise I would have cancelled it. I did get the DVR. This way we just record the few shows we want to watch (The Daily Show, the Office when it's on, and BBC's Robin Hood--oh my I LOVE that cheesey wonderful show!

) and just watch them when we want to. I figured if I was going to have television, I might as well only bother with the stuff I wanted to watch, you know? We also have a Netflix account, but I rarely sit in front of the tv long enough to watch an entire movie. My husband will watch movies on the weekends when I'm at work and our son is napping, though.
There's very little I actually want to watch. But I do like to be entertained, and I like humor, and there are some things on tv that amuse and entertain me. So I watch them.

There is also ocassionally something on public television, National Geographic, the Discovery Channel, or the History channel that I'm interested in, too.
Our one tv is in our bedroom. I know what they say about tv in the bedroom, but that's what works for us. Our son sleeps in our room and we don't like to leave him once he's fallen asleep--but we also don't want to go to sleep at 8:00! So we turn on the tv once he's good and "out" and watch tv and talk after he's gone to bed. Or, after I get upstairs after posting on my internet forums....
ETA: I don't think anyone is "crazy" for throwing out their tv. I could see myself doing it one day! I'd like to keep the one tv and, when my son is much older, be able to have ocassional family tv or movie nights. But I don't want tv to be an everyday thing for my child, so if it gets out of hand I will scrap the tv, I have no doubt. But I think that in moderation a bit of tv isn't terrible, and while I don't believe in television for education, there is some decent stuff out there that you can learn a bit from. I wouldn't mind a night here and there where we all gather 'round the tv for some nature or history special, you know?