To a certain extent that 'formats not available on FM' still exists. Nowhere in this town does classic country exist, and you sure as hell aren't going to hear Shooter Jennings on mainstream country radio. It reminds me of a SiriusXM town hall a while ago with the Dixie Chicks, where they were asked why their music wasn't played on regular radio. They said it'd have a hard time fitting in between songs like 'Tequila Makes Her Clothes Fall Off" and "Honky Tonk Badonkadonk" (and yes, those are actual country song titles. Yee haw!). It's so bad around here, even if the rates did go up I'd probably opt for a cheaper plan, as I understand, a 1 year/$99 plan exists. That accounts to about $8.25 a month.
There is a college rock/indie station based out of Denver (about 60 miles south of me) but the reception is very spotty. Hence the reason SiriusXMU and the Alternative channels are still very useful.
I'm fortunate to have a good college station and adult contemporary station to listen to. But there's the usual myriad issues: poor reception, repetition, commercial breaks, sponsor promos, and just plain ol' shitty music sometimes.
However, being better than FM is trivial. Most people use other streaming or downloading services, and that's a tougher case to make. We get a sat sub with streaming. It's around $25/mo. Other people are paying under $10/mo for an alternative. Hell, we get Amazon music with our prime sub.
But the wife likes being able to start her car, and the sat just plays. No streaming, or downloading, or fussing. And we mostly use her car for trips/errands, so it works everywhere, every time we start the car.
I stream in my car, at work, and at home. I've tried other streaming services, and I prefer that SXM brings me the most significant new songs and artists. They have people who actually cultivate the music, based on who's important, or who's the next big thing. I don't want to stream or download music that's all related to Tame Impala. I don't know what new music is coming out, or by who. But they do a good job of keeping me musically informed. So that's what I pay for.