In 2008, it was the summer games turn and Ravelry took up the cause and did the Ravelympics. I was a Ravelete during these games and finished my first FLS during this time. It was great fun.
Now it is 2010 and I want to do both, plus my LYS is having an event for a project that is done with their yarn.
So, I am a 2nd time Ravelete, on two teams with three projects, a Knitelete with the Yarn Harlot and I will keep track for the LYS as I am using their yarn on one of the projects.
I hope I win Gold on something, somewhere. If not, I love watching the Olympics and I love knitting so not a bad time will be had by me. *smiles*