FYI -- If MediaCON and WMBB don't come to an agreement, WMBB will be dropped as of Jan 1, 2009, the only ABC channel.
NotDeadYet, the short answer is that it depends. If you have a newer TV which can received digital signal, you have nothing to worry about when Feb rolls around. If you have the older TV, like myself, you will need a converter, unless you have cable or satellite. The Gov't offers two discount cards, totaling $40, toward the purchase of a digital converter. HOWEVER, the discount cards are good only for 90days, while supplies last.
Erecting a TV is almost too simple. I found some pvc pipe laying around the yard (long sections), and dug a hole. Found an old antennae in the yard, too, and connected it to the pvc pipe, and connected the a long wire, wrapping the pole. Put one end of the pole into the hole, tossed in some gravel, packed with dirt. Plugged other end of cord into the TV. Turned on the TV and wha-la! I had free TV! A twist or two of the antennae and I soon discovered which direction got the most channels. If I want a better picture of FOX, I would have to twist the pole slightly. Those antenna are directional. ABC, CBS, NBC and PBS all pick up very well from one position, and FOX is just as clear if I twist the pole, but I go for quantity of channels.