I'm still going to watch. I personally love the Olympics and I always like to watch and support the athletes. For me it's not cut and dry in terms of the negative aspects surrounding the Olympics (corruption, anti-gay rights, culling of dogs). Beijing had its fair share of controversy too. It comes with being an event held in places around the world.
I don't support the corruption, the killing, any of it. But I can voice that opinion where it matters and still watch the athletes compete.