The International Olympics Committee is allowing more than a dozen broadcasters to show video of the Athens games online and on video cell phones, says the AP. But there's a catch, designed to protect those lucrative broadcasting contracts. It can only be offered in the company's home country, with restrictions in place to block foreigners from tapping in.
In the U.S., that means no live broadcasts online, although there will be delayed highlights posted by NBC. Unless, of course, some peer-to-peer type figures out a way around the restrictions. That would never happen.