How can I get around NBC/Verizon restrictions to watch the Olympics?

Try the BBC website.

I bet the BBC website will have to blackout its live streaming content here in the US due to broadcasting legalities.

I did poke around the BBC website. It wasn't obvious they had streaming at all, except on hand-helds.

A friend from China checked Chinese websites, but they don't work over here.

Meanwhile, a guardian angel is allowing me to use his login info to stream from NBC!

Using tor software you can appear to be anywhere in the world and it is what I normally used to get around countries restrictions however as it is limited in bandwidth so I myself never had try streaming video just streaming audio but depending on the the nodes you are using it might or might not work.

Also if you are not comfortable with setting up fairly complex software I would get a friend who is to download and set up this software for you.

http://en.wikipedia.org/wiki/Tor_(anonymity_network)

This is for a Mac, but you can find Windows code here as well:
https://www.torproject.org/download/download.html.en#mac

I'm still playing with this trying to get it to work. There appear to be multiple ways to get around the NBC/Cable ban. I'm just not sure which one will work best yet.