The whole event is broadcast by public television, which has dedicated an entire channel and its best journalists to the event.
Of course, the journalists pay particular attention to Italian athletes' performances, but I'd say they concentrate on the technical part rather than on the emotional one. I mean, they try to explain the audience principles and techniques of the different sports.
For what concerns the 'human-interest feel-good' stories, yesterday night there was a report on a couple of Chinese skaters who won the silver medal, althought the girl fell and probably got injured, but she managed to complete the exhibition. It was described as an example of the olympic ethos.
To sum up, we, the Italians, can enjoy a good coverage.