A topic about an Olympic bid on airliners.net????? What a pleasant suprise!
This is another big hobby of mine. Indeed, London has a very good chance of winning the 2012 olympics. It's rumored that the IOC really wants the 2012 olympics in Europe, which was a big reason for awarding the 2010 winter games to Vancouver.
Qantasforever: It would be neat to have the olympics in more exotic places, but Fiji would never work, it's way too small. The city has to have the infastrucutre and be able to handle the large amount of people that an Olympics brings, not to mention a large international airport

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If any of you guys are interested in in discussing Olympic bids, check out this website I visit on a regular basis in addition to airliners.net :
http://www.gamesbids.com , it's not official or anything, just an olympic bid enthusiast website where we discuss olympic bids and the olympics in general.
Adam