I am still not settled in my mind about Michelle's options. I do not think (but I might be wrong) that the ISU can enforce their threat to withhold Olympic eligibility from a skater who elects not to do the Grand Prix. The reason why I think this is that you cannot have an eligibility rule that applies to some skaters but not to all.
Now, to be sure, not all skaters have an equal opportunity to do the Grand Priix in the first place. But that falls under the heading, "life is unfair," rather than "the ISU rules relating to Olympic eligibility are unfair." The IOC, for instance has something to say about the latter, but not about the former.
However, this is not a fight between the athletes and the ISU. We are all on the same team here. Suppose Michelle decides that it is better strategy for her to pace herself by not doing the GP, trading the chance to practice her programs in front of ISU judges in exchange for not wearing out her body by overtraining. There are plenty of armchair quarterbacks on the Internet to tell her what a big mistake that would be, but only Michelle knows the toll that 12 years of triple jumps and incessant practice have taken on her.
I don't see any reson why she couldn't sit down with Mr. Cinquanta and say something like, "I'm not exactly injured, but I'm feeling enough worrisome pains and twinges that I don't think I can skate my best in a full fall season. My body is telling me that my best chance of peaking at the Olympics is to play it slow in the fall season."
I'm not saying that I think this would necessarily be a good stategy, but I'm not the one who has to go out there and skate.
So, anyway, to conclude my little scenario: Then Cinquata says, "Why of course you can skip the Grand Prix if you want to. You're Michelle Kwan!" Showing what a prince of a fellow Speedy is after all!
Mathman