I decided to give the gold place breaking video a watch and although these people are skilled, I just don't quite get the "this is the current peak of human physical fitness/skill" that we see from other sports. Diving, Rowing, BMXing, even synchronised swimming were all really impressive. I wonder if Breaking will make a return?
Subjectively judged sports have existed at the Olympics forever (artistic gymnastics, figure skating, etc). The problem here appears to be that the judging and scoring format actually stifles the performers rather than pushing them to new heights. Maybe that will change, maybe not. For now the best break dancing definitely doesn't happen at the Olympics .
The Olympics weren't always about peak skill, at least in the athletic sense. Prior to (I think) 1948, they used to give out medals for artistic competition, like painting, sculpture or poetry.
Personally, I think they could bring those back; I wouldn't mind seeing an Olympic art competition. Heck, they could modernize it: Olympic rap battles/battles of the band, or Olympic Iron Chef.
There's a massive difference between bboys and bgirls attending the Olympics vs. what you see at actual breaking competitions and events. I personally haven't watched the Olympics breaking myself, but I have back when it was first introduced and it's just not the same - the vibe is off. It's cool that breaking has seen the recognition it deserves, but it's not even comparable to something like Redbull BC One which would probably be the closest comparison in terms of size, popularity, and "corporate-ness"