I know these threads have been floating around, but this has worked for me the entire Games. It costs less than $5, and the stream quality is flawless.
1. go to
.
2. Sign up for the $5.99 UK account. Use the "25OLYMP" promo code to save a couple bucks.
3. Get your login information.
4. Use their directions to setup a proxy in your browser. It's a matter if setting a Proxy Server in your browser preferences and entering a provided password. (You can also use VPN, but it was unreliable for me, and this is easier.)
5. Go to the BBC web site and enjoy.