I have to agree with Bryunel's opinion about the Olympics. The Olympics should be about the oldest and traditional sports which are not professional (athletics, swimming, archery and so on). I don't see any prestige about a professional sport in the Olympics (the exception is probably basketball). I rate an Olympic gold medal in cycling lower than about 15 different cycling races on the calendar. That's what baffles me: Why a rider on the caliber of Remco is wasting his time on the Olympic TT? He has much more potential than that.
There is also so many great cyclists, who arent at the event. That could or should be there for their countries. That could have been leaders or be able to win the race etc. You cant really pick four of the best riders from a country, because that wouldnt work, like you can do with other sports.
Like in most other sports it is just the very best because that have qualified through running a good time or jumped a certain distance.
Cycling isnt that straight-forward and the Olympics is a very "weird" race compared to a normal race.
The ITT is more straight-forward as an event, but at the same time a lot of great time trialists are missing that probably would have been "qualified" to be there.