The 17-day sporting extravaganza is being dubbed as the most expensive Olympics ever, with the Russians having spent $50 billion on turning the faded Black Sea resort into a rejuvenated host venue.
It promises to be another memorable occasion -- but will it beat Winters Games gone past?
Here at CNN, we've put our heads together and come up with our top 10 definitive moments in Winter Olympics history.
Do you agree? What have we missed? Give us your views on Facebook and Twitter and enjoy the Games!
'The Miracle on Ice'
It is the moment that all American ice hockey fans still talk about.
At the 1980 Lake Placid Games, the U.S. team -- made up of college students and amateurs -- produced one of the greatest shocks in the sport's history.
Facing the Soviet Union in the semifinals -- a team which had won the four previous gold medals -- the U.S. was expected to be swept aside easily.
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