I couldn't find the Nova Program about Watson last week - it was scheduled to broadcast 10pm EST on PBS, but my affiliate broadcast a program about NASA instead (there was supposed to be a 'triple-header' broadcast last Wednesday, but only the first two programs were shown).
Just to clarify, there there was also a short segment about Watson on Nova Sciencenow, but not the full-length Nova feature; it may be on this Wednesday.
As far as the Jeopardy contest itself, my understanding is that the 'answers' are fed to Watson via text at the same time the host reads it out to the human contestants. I'm not sure exactly what the timing is, but I'm thinking this format might give the machine an advantage, as it can obviously 'read' the text in milliseconds, whereas it will take mr. Trebek several seconds to read it. The reason behind this was that this essentially counts as Watson's thinking time, as the human contestants would have essentially figured out the answer already by the time the question was finished being read.