Schematic has been working hard on the video player to be used for NBCOlympics.com. In a join effort with Microsoft, it was built using Silverlight 2 Beta 2 - which was just released to the public last week. A friend of mine who's been working on this project asked me to check it out yesterday, and it is magnificent!
There's already plenty of videos to check out, including scenes from the 2004 Olympics, and other events leading up to 08.08.08.