There is definitely way, way, way too much good TV on now. I don't even bother DVRing shows I am not going to watch the next day, my DVR got too full of "this show is supposed to be really good, I will watch it soon!"
Even still I have hundreds of hours of TV to catch up on, and I am retired so have literally all the free time in the world. You have to start making up new rules, like don't bother watching season 1 of a new show unless its something you are really into. If a show isn't grabbing you, drop it and come back and binge watch after the season is over. etc.
TBS is the one network that is the outlier for me, no one really knows what exactly TBS airs (sports? reruns?) and yet it has a pretty great crop of shows - Angie Tribeca, Sam Bee, Jim Gaffigan, Conan O'Brian, American Dad. Then there are all those one off networks you never really heard about that air one or two good shows, but no one watches them because who ever heard of that channel?
I think something like Netflix is turning into the "clearinghouse" for good TV, 1-2 years after it first airs or even a decade later in some cases. Will definitely make for interesting business, if a show can't make money when it first airs off ad rates, but can make a killing a few years down the road being sold to Netflix, Amazon, etc.