I vote for option 2: Yes Chiller and Elena Dementieva should start now.
My experience is 1st and 2nd hand. I was to play Syuuske Fuji for Wimbledon a few weeks ago. Syuuske didn't show up for a few days. By then I was hoping that he would show up as soon as possible so I wouldn't need a walkover. So Ro.Fed decided that it would be funny if he named himself Syuuske Fuji, joined my game, and played against me for the tournament. Luckily I realized that it was him after a few points, but this was a very cruel joke and quite a letdown to me. And the moderator of a tournament would do this? To me, Ro.Fed is the wrong type of person to be a moderator. This isn't my only bad experience with him either.
With Chiller and Elena Dementieva as moderators, I know there won't be as many problems because they are both very nice people, and are much more fair than Ro.Fed. Ro.Fed will do anything to make events turn out in his favor. That goes against the meaning of "moderator."
Record (since coming back from ban): 24-6
#19 (Too bad I got myself banned, otherwise I'd be #11, even without the tournaments I missed)
Winner: Banja Luka, Vienna
SF: Newport, Bucharest, Beijing, Tokyo, Basel
QF: Wimbledon, Indianapolis