I figured as long as its not violating anything with regards to the Olympic brand then it should be ok. I have seen past olympic TM issues but those were all due to the ripping off of the name, brand, logo etc... Which I dont plan to do.
I registered this name before the UK/London was selected as hosts...
I would normally not register .org.uk domains but also figured with the event being a UK one that this .org.uk would pass
Going to hold onto it for now until I think of a good use for it as a developed site.