LOCOG have done a lot of ridiculous things, but saying you can only link to them if you say nice things about them takes the biscuit:
You may not use any link to the Site as a method of creating an unauthorised association between an organisation, business, goods or services and London 2012, and agree that no such link shall portray us or any other official London 2012 organisations (or our or their activities, products or services) in a false, misleading, derogatory or otherwise objectionable manner.
LOCOG are a bunch of corporate fascists, and the Olympics are no longer about sport. They are merely a way for corporate bully-boys to fuck us around, with their insanesly over-the-top intellectual property laws.
The Olympics should be downsized, have all the corporate nonsense removed, and return to its roots. Having a new city spend insane amounts of money every four years building new facilities is ridiculous and wasteful. The event should be held in the same place each time; the obvious place being Olympia in Greece.