I very much doubt that.
But I do get your point. I think all the bikes used in competition at the Olympics are very much similar - unlike F1 cars which have huge difference between the teams/manufacturers.
Yeah, I was exaggerating to make a point, but it's got 700 x 23c tires on it and a 53/12 biggest gear and I don't know how much more he'd need. Sure it weighs a lot more than an Olympic track bike, so he'd be much slower off the mark, but I honestly think Hoy's ability could still see him home. He is a beast.