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CGF included cricket during the 1998 Commonwealth Games (50 over ODI format). The ICC threatened both the federations with non-cooperation, and the CGF decided not to include cricket after the 1998 edition. However, the AGF was more adamant and they are continuing to include cricket (it will be played during the 2022 Asian games also).
I wonder how that went, i just checked the scorecard and majority of the matches were terrible and people from the Caribbean was not playing as a team but representing their respective countries and i do not think that would be great either for the West Indies cricket board and then the big teams like Australia and South Africa facing the small teams were brutal seeing the scoreboard and no wonder it is not involved in Olympics.
What about Test-Cricket? it takes 5 days. but it is good enough about T20 match, it takes more than 3 hours to play a T-20 match. IMO ifst l T-10 match can be started and the ICC board wants, then we may expect the Olympic committee to include cricket in the Olympic very soon.
There is no way Test and ODI would have made it to the Olympics but i do not mind seeing T20 cricket but T10 is a bit too short to enjoy, it will be just like Baseball.