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When I came home and checked out how many TV cable shows are broadcasted in HD
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True enough, but significant progress has been made already. Nearly all of primetime on the major networks, other than newsmagazines and the unscripted pseudo-reality programming, is in HD or at least widescreen ED (Fox, which will go HD next season). Even WB & UPN have some HD shows now.
And cable is moving forward, as there is HBO-HD, SHO-HD, DISC-HD, INHD, HDNet, ESPN-HD(admittedly slow to ramp up, only a few HD games per week at this point), with TNT-HD to start soon. Other channels have made announcements as well; try looking at the HDTV programming section over at avsforum.
As for your current equipment, all you can really do to compensate is sit closer. At least you get to see the whole movie with the widescreen presentation.