Now, you won't need a television to view the latest action of London Olympics 2012. With great software available in Linux today, you can stream it directly from Internet and watch high quality video for free. Miro is a great video player and bittorent client, which supports streaming and podcasts.
To install Miro, you can download it from their website. Ubuntu users can also find Miro in Ubuntu Software Center, but it his highly outdated. Download this OPML file which contains all the podcasts feed information. After installation is done, you can navigate to Sidebar menu → Import Podcats and choose the OPML file from there.
Now you will be able to stream all videos and watch the latest action of Olympics, no matter wherever you are.