FtA is all great & wonderful, in theory....
In practice it's just useless. The broadcast networks don't have jack shit to watch. I honestly can't remember the last time I watched anything on ABC/NBC/CBS (although I have a holiday special on DVD-R from 2007, so that seems to have been the last time. Prior to that, it was probably the mid-90s), the only thing I watch on fox is simpsons & family guy (and family guy also airs on CN). Once in a while I watch a science-y show on PBS. Other than that, broadcast networks are a complete waste of time (and I can easily do without the 2 or 3 things that I do wind up watching on FOX and PBS).
Essentially, broadcast TV has become like AM radio, a complete waste of the airwaves.
The new digital subchannels that have come out since the conversion (like MeTV and RTV) improve the situation (in theory), but are reliant upon local broadcasters to pick them up. In my area, nobody does. Not one single major network here has any such subchannels. One independant broadcaster did spring up to broadcast some, but his signal is so pathetically weak that it's unwatchable if you're more than 10 feet from the broadcasting antenna.
This brings up another problem with broadcast TV in the modern age, digital broadcasts. Digital broadcasts are an all or nothing proposition. When they work, they work great. When they don't work perfectly, they're unwatchable. With analog broadcasts, a show was still watchable, even with 80% or more interferance. With digital broadcasts, just 2 or 3% is enbough to make it unbearable, due to the stuttering, freezing, and outright blacking out.