Yuna Kim 2003/2004 korea national FS:
Yuna Kim 2003/2004 korea national SP
IMO, every skater has different strengths. Speed is obviously not one of Caroline's, but her flexibility is something desirable for someone like Yu-Na. Different skaters, different styles and strengths.
As for the original question, is Caroline an Olympic contender? As much as I like Caroline, I think she has a better chance in medaling at Sochi than in Vancouver. I think she has a 75% chance for making the Olympic team next year and it will be a great experience for her to go into the competition without much pressure. She could end up in the top 6, but to actually medal, I think it would take significant mistakes from the top ladies.