Chess in London 2012?

In Britain, chess is officially recognised as a sport. This means that chess will be entitled to receive funding from Downing St. But should chess be included in the London Olympics of 2012? That was the question posed by Nicky Campbell, writing in The Guardian:

The government should be doing all it can to promote the game but should it draw funding from "other" sports, which would be the inevitable consequence of official recognition? Isn't sport ultimately and ideally about physical fitness?