Pity!!!I think that most moth sailors would vote against olympic selection.
If selected ISAF would have two options, both of which would destroy the class for all except the elete few:
Option 1. Choose the best design at the time of class selection which would freeze the design for something like 5 years before the subject olympics. If that had happenned for the next olymics it would have meant for 2012 we would have had Prowlers because the early bladriders were diabolical for reliability. The class would have suffered from all the aspirational sailors sailing obsolete boats for 5 years. There would have been effectively two moth classes, the 2006 one design for the professionals and the development boats for the amateurs. It would have been unlikely that the Mach2 would have been developed at all for the lesser sailors and even the development section of the class would have stagnated in design terms. If ISAF were to have selected the Mach2 in 2011 then we would have a similar stagnation for the next 5 years.
Design stagnation is not what made the moths such incredible boats this century. The last one design moth design cherry picked by ISAF was the Europe. Case proven.
Option 2. Leave the class as it is and let development continue. This would result in the rich countries spending huge sums of money in researching, designing and developing better moths at costs not affordable by poorer countries and certainly not affordable by most moth sailors. It would be good for development but the costs would soon mean that very few amateurs could compete at significant regattas. The class would become only for the elete from rich countries only.
Either way the moth class as we know it, its steady growth when most classes are at best stable, and the loyal following of sailors who just like competing even with outdated equipment, would all change. It would soon disenfranchise the vast majority of the class membership, the very membership who are the moth class, all to satisfy the IOC's TV customers and the vocal Internet couch sailors. I do not think it would be worth sacrificing the class we all love to actually sail.
What would be more entertaining: watching a bunch of Lasers or Finns doing 5 knots upwind and pumping to surf waves downwind. Or watching a bunch of Moths doing three or four times their speed. It would be a great boost for sailing. What we have in the Olympics now is a very poor advertisement for the sport.