Boycott Sochi 2014 because of LGBT offences

[Judgeneo]

http://www.stephenfry.com/2013/08/07/an-open-letter-to-david-cameron-and-the-ioc/

This got passed to me this morning, Mr Fry makes a passionate argument.

Here are a few choice quotes:

Beatings, murders and humiliations are ignored by the police. Any defence or sane discussion of homosexuality is against the law. Any statement, for example, that Tchaikovsky was gay and that his art and life reflects this sexuality and are an inspiration to other gay artists would be punishable by imprisonment.

An absolute ban on the Russian Winter Olympics of 2014 on Sochi is simply essential. Stage them elsewhere in Utah, Lillyhammer, anywhere you like. At all costs Putin cannot be seen to have the approval of the civilised world.

Be brave enough to live up to the oaths and protocols of your movement, which I remind you of verbatim below.
Rule 4 Cooperate with the competent public or private organisations and authorities in the endeavour to place sport at the service of humanity and thereby to promote peace
Rule 6: Act against any form of discrimination affecting the Olympic Movement
Rule 15 Encourage and support initiatives blending sport with culture and education
I especially appeal to you, Prime Minister, a man for whom I have the utmost respect. As the leader of a party I have for almost all of my life opposed and instinctively disliked, you showed a determined, passionate and clearly honest commitment to LGBT rights and helped push gay marriage through both houses of our parliament in the teeth of vehement opposition from so many of your own side. For that I will always admire you, whatever other differences may lie between us. In the end I believe you know when a thing is wrong or right. Please act on that instinct now.

Now I know nothing of the problems LGBT people face in Russia, is it as bad as is suggested? and is boycotting the right move to act against it?