I never took the "cord" in cord cutting to be quite so literal.
What I hope (and of course it's not by any means a done deal) is that the content producers are going to be coming out from under the control of those who own the last mile distribution.
That's why net neutrality is so important. If HBO has to ask permission of Time Warner for me to access HBO Now then we've gained nothing. With it, we can expect more competition, variety and choice of content.
I hope.