The NY Times web site has a video of the shoe throwing from more than one angle. Go to this link
http://www.nytimes.com/2008/12/16/world/middleeast/16shoe.htmland scroll half way down the page - passed the standard footage of the incident to a second video. Play THAT! It is from the opposite side of the aisle in the press room and captures some of what happens to Muntader al-Zaidi that has not been shown elsewhere (to my knowledged).
The first video goes black as people swarm Mr. Zaidi. This one keeps rolling. It shows security dragging him up and away; you hear him shouting and crying out in pain. It appears he is being punched from underneath as they lift him. In the background you can see Bush and Maliki at the podium. This second camera confirms what is mentioned in the accompanying article, that security punched Zaidi after he had been subdued.
"Mr. Zaidi was subdued by a fellow journalist and then beaten by members of the prime minister’s security detail, who hauled him out of the room in his white socks. Mr. Zaidi’s cries could be heard from a nearby room as the news conference continued."
If his cries could be heard from a nearby room, presumably by those present in the press room, then it is probable Bush heard them, too.
http://www.nytimes.com/2008/12/16/world/middleeast/16shoe.html(If anyone can grab this video, please post it.)