While I lament the loss of music television, I understand why MTV, VH1 and CMT have moved away from the format. You go with what provides more eyeballs and ad revenue. Besides, times have changed: if I want to watch a music video, I just pull it up via the YouTube app on my Apple TV. The ones uploaded by the band, the label or VEVO are usually in fantastic quality and uncut.
That having been said, I flipped between MTV and VH1 this morning, and it was wonderful to see the networks playing a solid block of videos again. I hope they make this a regular event.