They watched the whole operation.
Panetta said they did not. THAT story keeps changing too. It is apparent from implication in most of the articles, that they did not watch it at all, and Obama etc, watched Panetta, or someone else, on a screen give updates.
Panetta told Lehrer neither he nor President Obama watched the actual shooting of bin Laden as it happened. Panetta spoke from CIA headquarters about the military intelligence operation that led to the al Qaeda leader's death.
http://www.pbs.org/newshour/rundown/2011/05/leon-panetta.html