Firstly, the Brits (make that the English!) are the top Olympic sailors, perhaps even top Sailing Nation period.
Secondly, the Weymouth sailing venue is in place and, from all accounts, a magnificent facility.
Thirdly, it's a reasonable bet that, for a change, the weather will cooperate.
Beyond Weymouth, looking towards Rio, it's probably a little early to tell. Sailing is a fearfully elite sport (and I mean elite in a social, rather than competitive sense) in that part of the world and, while there are copious wonderful venues, it's hard to predict how it might play out.
The question remains, however, why International Sailing should continue to bother with the Olympics. Certainly it provides the very highest level of competition, but only within a narrow range of classes.
It can by no means be regarded as the exclusive single pinnacle of our sport.
Many classes enjoy Olympic standard competition without all the disadvantages and bullshit which the Olympics imply. Some, such as the International 505s, resisted overtures because they could not see Olympic participation doing anything for their development. To the contrary, it would decimate their corinthian fleets.
Many sports, too, have resisted Olympic involvement - God only knows why golf has succumbed but it is a fair bet that it's more to do with money than the good of the sport. Does anyone really think that Olympic Golf will become the single biggest golfing event?
Now to the big one. I know I've said it before but sailing (unlike golf or rugby 7s) is a bad fit for the Olympic Games.
It is, venue-wise and logisticly, an expensive sport to mount and, in so far as it has virtually no television appeal, it cannot generate the millions in advertising revenue upon which the Five Ringed Circus feeds. The upshot has been continued pressure from the IOC (even with a yachtsman as president) to cut back the scope of olympic sailing.
New Zealand has an illustrious olympic sailing history and I have the utmost respect for our olympic heroes - I know some of them are distressed with my point of view (one eminent olympian, former colleague and friend, won't even answer my emails!).
But it's a point of view which can be heard right across International Sailing. There is recognition, even at the highest levels of the ISAF sailing, of the sorts of problems I've discussed.
We've got time on our side - but we should be starting to look beyond Weymouth and Rio.