FiOS versus Cable Television

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Hello.  While patiently waiting for them to turn on FiOS in my neighborhood, I'm wondering about the differences from switching to FiOS from cable television.
I am familiar with the high speed internet service of FiOS, but not the television service.
I currently have cable television in 3 bedrooms, family room and living room (5 rooms).  I have "cable boxes" in one bedroom and the living room in order to view premium channels and On Demand services, while the other 3 rooms do not have boxes, but are able to view cable minus the premium channels.
It is my understanding that to view even the most basic stations with FiOS, I will need boxes for each of the 5 rooms.  If that is not the case, can someone please help me to understand my options, as I dont think it would be cost-effective to pay for 5 boxes but DO want to view television in all five rooms.
Hope that makes sense and thank you in advance for any assistance.
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Replay

Your understanding is partially correct.
If you have a newer TV with a QAM tuner (check your TV manual) you can hook directly and get your local SD, local digital (HD), music, and PEG channels.  You will not get any of the the national cable channels like ESPN, FX, USA, etc.
If not and your TV is only listed as "Cable Ready", then you need a box at each TV - there are no analog channels on FiOS.  The lowest cost option is the DCT-700 (also called digital adapter) which is $3.99 per month.  It will give you all the SD only channels that you subscribe to (including premiums) but does not support VOD, has no guide, and also doesn't support Verizon's "Widgets".
The other option would be to share a box between multiple TVs if they are not watched at the same time, keeping in mind that the same show would have to be watched on the shared sets.
Hope that helps you make your decision.
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