They fell for mantra sold to them by monkey. SMODS are the only true path..
AHPC Viper, Hobie Wildcat, and Nacra Infusion have applications on the November ISAF annual meeting agenda for class recognition. Hobie Tiger and Nacra SL (16) are already recognized by them.
F16 is also on the agenda for class recognition. F18 & A-Cats are already recognized formula classes but I agree that a formula class is an unlikely candidate for the Olympics. The SMOD idea is to reduce equipment variables.
So if it was an F16 and the selection had to be made during the next year, the platform would be the Viper. However, that does not preclude another existing or new (there is a rumor) F16 manufacturer from seeking its own ISAF class approval at next year's annual meeting.