Not quite the Olympics, but an interesting international games event. There are other international games like the SEA Games, which feature martial sports.

The 4th Busan TAFISA World Sport For All Games
Harmony of Tradition and Future for World Peace and Prosperity
September 26 ~ October 2, 2008 (7 days)
Busan, Republic of Korea
TAFISA(Trim & Fitness International Sport For All Association)
The 4th Busan TAFISA World Sport for All Games Organizing Committee
IOC, KOC, UNESCO, WHO, ICSSPE, SOSFO(Seoul Olympic Sports Promotion Foundation)
Participating Nations : 100 nations
Players·Officials : 10,000 participants (overseas 3,000)
Programs 20 Sports & Games
Events include Gymnastics, Martial Arts, Folk Dance, Yoga, Archery, Lawn-bowling, Muay Thai, Sambo, Kite Flying, Wushu, Zurkhaneh, Tango, World Walking Day, Gate-ball, Aggressive Inline Skate, Skateboard, Sports Climbing, e-Sports, Ssireum and Qigong.

Zurkhaneh and Ssireum look quite interesting. Martial Arts looks like Taekuk Musul mostly. Qigong is under the Chinese Health Qigong Association so it's Yijinjing/Wuqinxi/Liuzijue/Baduanjin and they get medals.

The Tiger Claw Foundation is sponsoring the American wushu team to this event.