Oh joy, another Olympics kerfuffle. Chicago's failed bid for the summer games was maddening enough. This time the USOC is going after Ravelry for the light-hearted and whimsical Ravelympics. See a Gawker article here and more info here on Ravelry. (Tip o' the hat to Tinks & Frogs, btw.)
All in the name of profits, of course, while “amateurs” compete. I'm not a huge fan of the modern Olympics in general (esp. the summer games), and you can guarantee that I'll keep the TV off this summer.