IMHO, Michelle is capable of adding the extra techical moves to her competitive programs so that they score higher in COP. She certainly can land a triple toe/
triple toe combination, and she lands her seven triples with speed, style, and assurance. Her spinning, however, could use some improvement. Michelle does not have the flexibility shown by Irina and/or Sasha and some of the other skaters who can perform Biellman spins and other moves that require extraordinary flexibility. On the other hand, Michelle performs nice spins with one raised leg over her head, which she controls with both of her hands.
Basically, Michelle has earned - justly so - so many titles and success on the old 6.0 system that she may find it difficult to change gears at this stage of her career. What's the adage - "If it ain't broke, don't fix it". She's not a 13-year-old any longer, but a soon to be 25-year-old who has over 10 years of senior level competitive experience. She may feel that it just isn't worth the time or the effort to change her programs, training, etc. Perhaps she isn't thinking of winning - or at least trying to win - Olympic gold next year. Perhaps she just wants to enjoy skating on her own terms. I'm not about to criticize her for thinking along those lines.
IMHO - and this is just my own opinion - if Michelle doesn't make any major changes to her programs for the 2005-2006 season, she'll probably qualify for the US Olympic team, but she probably won't medal at the Olympics.
As Joe wrote, it would be a shame if Michelle announced her retirement prior to the beginning of this season. If she did that, I would take it to mean that she simply doesn't want to change her approach to competitive skating.
Whatever Michelle decides to do, I wish her the best.