Modern Olympics is a battlefield not only for athletes, but also for brands.
The following are some impressive ones that can stand out from the noise:
Bike-powered Mini Cooper:
(I've seen lots of Mini Cooper cross-over promotions, but this one is really great and eye-catching in Beijing!)

Samsung private pods:
(You can enjoy Olympics actions in your private pods. :) Looks weird, but seems to offer a lot of fun. )

Condom hijacks Olympics:

Love Sports, even when it breaks your heart:
(Nike came up with a new advertisement immediately after famous athlete Liu Xiang quit the game at the last minutes because of severe injuiry. To give a brief image of how influential this issue is in China, you can just imagaine what the Americans will respond if Michael Phelps quit all swimming competitions in last minute @ 2012 London Olympics.)
I think the copy writting is fantastic:
LOVE COMPETITION
LOVE RISKING YOUR PRIDE
LOVE WINNING IT BACK
LOVE GIVING IT EVERYTHING YOU'VE GOT
LOVE THE GLORY
LOVE THE PAIN
LOVE SPORT EVEN WHEN IT BREAKS YOUR HEART

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Sylvain R. says:
I am always wandering, why did Liu Xiang not went to paralympics?
Ha yes, I know... he will have lost!
Hahaha :P
Michellepro replies:
Lisa Gong says: