The important thing to note is that we are not trying to get IPSC in as an Olympic sport, just as a sport recognized by the organization that recognizes all sports (and of that, they pick a few that are worthy of the Olympics...)
IPSC knows shooting is on it's death bed with the Olympics, but being recognized as a sport could help a lot of countries (and if Martin had got in, us too)
As for poo-pooing ISSF - as much as I'd like the revenge, I can't - like Omen said, we've learned all too well that when we don't all stick together as firearms enthusiasts, we get picked off. They disappoint me, but I won't try to screw them over because of it.
Here's IPSC's side of it - from the President.
Our application for membership was denied at the GAISF General Assembly in Seoul, Korea. It was not because we failed to meet the application requirements (we had the best application of all the candidates), but because the GAISF was persuaded by ISSF's protests. ISSF objected to our application on the grounds that we use humanoid targets, that we primarily train police and security guards, that we use only lethal firearms, and that we have no juniors. Therefore, ISSF claimed, we were more like a "training" organization than a sport organization.
It is extremely unfortunate that GAISF accepted ISSF objections without attempting to seek any further information. However, we will continue our efforts by exploring alternative options, including the possibility of appeal through the "Court of Arbitration for Sport" (CAS) in Lausanne Switzerland. As someone once said, "We have only just begun to fight."
He also had a more candid set of comments about them, but I'll keep them to myself.
ISSF is threatened by IPSC, that's the simple truth. They control all of the shooting sports in GAISF. In the past, they said IPSC could come in under their wing, if we made wholesale changes. We said no, so they refuse for us to come in on our own. As pointed out before, which shooting discipline is growing and which one is shrinking?
IPSC's General Assembly is firmly behind Nick on this, and while I've disagreed with a bunch of things the IPSC executive has done in the past, this is something worth achieving.