Oh, yes. I do all of my television watching on Netflix Instant or DVD when I am otherwise engaged in something mundane -- folding laundry is a big one, or tidying up the living room/kitchen, or knitting from a pattern that requires a lot of plain stockinette.
There is no room in my life for being in front of the TV at a certain time on a certain night. I am all about the time-shifting, even if the shift can be measured in years (or decades). I was just saying, if you ever find something wanting in your television-watching experience, 30 Rock is extremely worthwhile.
When I was in college, I was extremely self-righteous about not owning a TV, but the end result was that I turned to the internet for entertainment and became a 'net junkie and obsessive gamer. At the time, I would have argued that computers are superior to television because of their interactive nature, but now I realize that that's bullshit and that there's about the same ratio of signal to noise in both places.
TL; DR -- Good TV is good.