PN is a very passionate man and in the cases of KS, and of Denman this year, I think he finds it very hard to be 'dispassionate' about either horse (in the true meaning of the word). There is often as we all know a very fine line between a horse appearing to be fine, or maybe not being 110% for a championship race - with all the hype last year it would have been very difficult indeed for PN to say anything, even a very mere hint, without sending the media into a frenzy. It must be very easy in such cases, possibly borderline, to persuade yourself that you are being over-anxious and seeing problems which aren't really there. And it's easy to understand that they might have thought by Aintree that he was 100% again (even if he hadn't been at Cheltenham) and that a flat track would show him at his best again. Nobody's accused the man of murder ffs.
I care very much about KS's place in the pantheon, and don't believe - as so many have tried to persuade us - that he was beaten last year purely on merit. I happen to think too that Terry B's opinion of the horse is worth hearing - he is a big fan.
I also believe, from what a number of people have said and written lately, that it's very likely Denman is suffering the (well-documented) after-effects commonly seen as a result of the drug he was given, and much as I'm a KS fan through and through, I'd hate to see Denman disgraced in this year's GC if that were the case. It is a documented 'fact' that the drug causes severe loss of condition, a general lacklustre-ness, and sometimes 'profound depression'. Most observers at Kempton agreed that the horse exhibited at least the first two of these signs. But anyway it looks more and more likely that the plug will be pulled for now... I hope so.
As in all such cases, most people will carrying on listening to whomever they feel will tell them what they want to hear! I also feel there is a huge distinction to be made between 'lying' - of which I for one have accused nobody - and not telling the entire truth, for whatever reason - and some reasons may be good ones. That's about it; there's no point discussing it any further if people want to twist words.