I don't believe that the Olympics is over-hyped. I do believe if one is an athlete and elite competitor, on OGM would be the icing on the cake. The fact that Olympics happened only once every four years, make that gold more elusive and hard to win for the elite athletes as during the four years gap, anything can happen.
Even the academia will consider winning the Nobel Prize the ultimate recognition of one's work by one's peers. And similarly there were many who have missed out but nevertheless still as brilliant as the winners. It is also a judged prize, and there can only be one winner each time in each discipline.