We were talking about this a few weeks ago. Personally, I couldn't live without my laptop and the internet - I was without it for a few months there recently and it was very difficult to keep up to date with work and communication. And Job hunting was a disaster....
I also can't live without it for webtexts and internet banking, because I find it is more cost-effective to send webtexts rather than wasting your credit. Same with emails - I email everyone, instead of phoning them.
For entertainment, we decided to get good internet instead of splashing out on good TV - so we have the normal cable channels, but anything else we can watch online.
Another great thing that I've started to do online is read newspapers and catch up on world news.
Although sometimes, I think the internet is too fast and too quick to announce tragedies and accidents - often with false information that can be very very dangerous. It can also mean that people are disrespectful about sensitive issues like death, etc. For example, the video of the chinese toddler being killed last week by a car. I didn't watch it, but a lot of people I know did. Why would you watch a child being killed?
I suppose there is very good points and very bad points to the internet