Great point about lack of realtime coverage. Usually my wife and I postpone normal life an enjoy the Olympics 24x7 (almost :-) In the past, the non-realtime coverage would have been awful.
However, since I have less free time right now (consulting and writing a book), recording the material on a DVR and watching it a little later to skip the commercials works very well for us.
It is pain to avoid any news at all so we don't know results as we watch the recordings.