At IBM "Lotusphere" event, the closing general session was a preview match. It was done as close the the same was as an actual jeopardy show but with contestants picked from a small mini-tournament of attendees, and a comedian as host instead of Alex T.
Having been present at this (and getting my picture taken next to the Watson "icon/screen") and then watching the Nova episode, I can say for sure that the Nova show was a very well done description of what happens; as well as Watson's strengths and weaknesses.
I'm not sure if they'll show it on the live TV show taping, but in the run through we saw, they showed Watson's top 3 picks with a level of confidence on each. It was as interesting to see the second and third choices as it was to see what it actually came up with for an answer.
A couple of things were updated from when they must have taped the Nova show. First, Watson was far more strategic when it came time to place bets than it had been shown on Nova. Second, it was far better at understanding weird language in the categories.
I'm looking forward to the show.