On July 4th (July 5th on Moscow Time) Sochi has been elected as the host city of XXII'nd Winter Olympic games in 2014.
Other photos of Sochi you can see here: photos.sochi.org.ru/view-sochi. And photos of Krasnaya Polyana (Sochi's district), where most olympic venues will place, here: KrPol-Sep2004, On July 3th, 2005, On July 2nd, 2005, Winter 2005.
Addendum: in the mountains near Sochi, more photos in the mountains near Sochi.