Figure skating is the only sport I follow in the Olympics. I too am out-of-the-loop as to who-is-who in the eligible skating world. I don't like the new scoring system so have lagged off in my interest in it. (my real love is with the professional skaters and I'm VERY DISAPPOINTED that Stars on Ice is not coming to Philadelphia this year:(:() I've been trying to watch the Grand Prix, the US and European National competitions to get a handle on things.
In mens, Evgeni Plushenko has returned to competition---ugh. He is, by far, not my favorite but he has the jumps and can work the new scoring system. I always say he looks like he is swatting at bees as he skates as his arms and legs just seem to flail about in between the jumps. US skater Jeremy Abbott had a fantastic performance in the US Nationals and walked away with Gold. He lacks experience with the big competitions, though, and do not have a lot of hope that he will be able to perform as well as he did in Nationals. In the old scoring system, Evan Lysacek, if he were to skate all the big elements well, could beat Plushenko, but I don't think he will. I can't remember if we have 2 or 3 men representing the US at the Oly's. If we do, Johnny Weir will be the 3rd.
The US has a pretty strong representation in the Ice Dance discipline for these Olympics. Both Davis/White and Belbin/Agosto have a chance at getting on the podium, IMO.
In the pairs competition, I am rooting for China's Zhue Shen and Hongbo Zhao.
In ladies, I don't really know who is strong, whether it be US or another country-woman. I don't think the US ladies will fair very well...they are all "rookies" with the Olympic experience, I think. Nerves could do them in.