It seems that is an actual, undoctored photo.
From the San Francisco Chronicle Story: Thursday, March 27, 2008
Former cycling champion Tammy Thomas seemed to be in the midst of shaving her face when an Olympic drug tester (Tom McVay) paid her an unannounced visit in 2002, according to testimony Wednesday in her trial on perjury charges.
The visit was memorable, McVay said, because of Thomas' appearance when she answered his knock on her apartment door.
Thomas had a deep voice, full beard, chest hair and even signs of male pattern baldness, Dr. Margaret Weirman testified.
http://www.sfgate.com/cgi-bin/articl.../BAP4VR1RP.DTL