As I watch the Olympics on my Tivo, I'm having a hard time understanding how anybody could watch them without one. The number of events has become immense, and the coverage is 24 hour -- more than that, because I have both CBC and NBC coverage. (Plus CNBC, MSNBC and others, and I could buy TSN and Country Canada if I were desperate.)
So my Tivo records a lot of it, and I use it extensively. Most long races are watched at high speed for the middle part. It silences the commentary too, though at times it would be nice if the Tivo, when in 3x mode, would decode the closed captioning and display it for me. Of course I zoom over the endless array of constantly repeated commercials, and the sports I don't care to see.
How long before we get what we really want, on either a bigger screen or two screens (one for the images and one for text.) Tell us the background facts in text, let us call them up when we want and browse them. Let us surf around all the video, be it the backgrounders on the athletes and locations, and the events themselves. This is what I'm trying to get close to with my Tivo. There are web sites with streaming video but that can't approach even NTSC television, let alone high-def TV.
They would learn what's popular and put money into it, and what's not popular. What's not too popular might get very minimal coverage (fixed cameras at the event or bloggers coming hi-def videocameras if the networks yield on a given event) but that's OK.
The local paper had a reporter try to watch all the coverage in a day, which was of course unbearable. But working people can't be watching even the 4 to 5 hours of primetime, not easily. This may be the last summer Olympics to be viewed this way, based on the pace of innovation, though all the regulation trying to interfere with TV innovation (Broadcast flag etc) may prove me wrong.