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as rocketfly said u better becareful of the TM issue. IOS are very strict about this. and as to the value of Your name org.uk are not valuable and it kills the name. to be honest it would have been much better if it was 2012olympics.
It's a good name - depends what you do with it. As pointed out, there is a TM issue, however I would certainly put it in the drawer and keep it renewed for now.
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.