By rights, it should be... so should multihulls.
The problem is that narrow class interests have always held more sway with those voting in the ISAF Council than the longer term view of what is best for the sport in the Games. This is not altogether surprising because till now no-one has done the necessary blue sky thinking to come up with a longer term view that everyonce can buy into.
Phil Jones [AUS] now the CEO of Yachting Australia is in the process of changing all that as the chairman of the ISAF Olympic Commission. This was set up last year to examine, strategise and hopefully think-the-unthinkable before coming back to the ISAF Council. Phil has to present a well thought out plan as to how ISAF and the sport of sailing should address the challenges it faces especially as these relate to the Olympic Regatta. One obvious failing is the lack of TV coverage.
People put this down to the fact course racing cannot just be started when the TV crew turn up. We have to wait for the wind to be from the right direction, stable and sufficiently strong to allow a fair race. This is true of course racing but does not necessarily have such a strong influence on team racing.
In our experience and I'm talking as someone who has been around Olympic Windsurfing since 1992, Team Racing has always been on the windsurfing calendar. It is fun for those who compete. It is fun for those watching and it attracts the media. Now, I don't want to relate the long history of team racing in windsurfing so suffice it to say that our format inclues two men and one woman and has been run annually on and off for as long as I can remember.
Take a look at this video shot at the 200 RS:X European Team Racing Championships This is not a traditional sailing event by any means. Spectators have fun all day and all night. The venue is open 15 hours per day. We just wish we could translate this atmosphere and action to all our events... Whether it be Team Racing or Course Racing.