I believe they approached the ITA, but was turned down. There was a bit of controversy around this, and the ITA's mission is the keep the Tornado in the Olympics.
It's nut run on F-18's, but F-18HT's, a different class.
A tour for C-cats would probably be more interesting with the amount of 'crash and burn' that class is known for than a tour with T's. But the teams would need to be more equal than at the last C-class outing. Cogito is still the one to beat. The australians and the brits could not compete performance wise. Came down to wing-design..
Many probably disagree, but I think sailing can be splendid TV entertainment if they put some effort into the production. Laylines, shifts and relative positions need to be put on top of the TV images to make it attractive to non sailors. I hope the chineese get it to work as well as the last AC production. If not, the brits at least should know what to do in 2012.