I have a defect like this. Unfortunately I have the same defect on the lateral side of my other femur. Do a search, there have been some really good posts about this type of injury lately. One guy that goes by the screen name of Former Fat Guy has a blog where he is documenting his process through this type of injury.
The bad news is that this can be a triathlon/running-ending type of injury. Depending on the size of the defect, the treatment, the PT, the type of surgery, etc., you will see myriad types of results.
The good news is that if you’re lucky, you can get back. I had microfracture surgery on my right knee for the lateral femoral condyle injury last September. After 6 months I was back doing some pretty good activity. Right now the knee is feeling really good, probably 95%. No problem running short distances(3-4 miles). I haven’t really tried running more than that yet.
During rehab however, I suffered a similar but smaller injury in my left knee. No real pain, just a lot of swelling and instability. Had an MRI and it showed a defect on the medial femoral condyle. There is very little pain, just swelling. Doc said I can keep doing what I’m doing, just plan on surgery. I’m having another scope done in the fall if I can make it that long.
In the mean time, I’m back racing. Just sprint tris an cycling TT’s for now, and maybe some 5k running races in a few weeks, but I’m racing without any pain. I’m not running as fast as I used to, but at least I’m running.
My feeling is that if the defect is not too big and you don’t feel the need to do marathons or IM’s you could be just fine.
I’m curious though. I’ve seen this type of injury a lot more in the last few years among triathletes, and I wonder if the bike then run order is creating a problem. After the bike portion your legs and muscles are fatigued, thus creating a slight instability in the knee. Running right after may be fine, but if there is any unnatural, lateral movement while the knee is unstable it seems like it could cause a problem.
I hope things work out for you. I’m back racing (for now) and couldn’t be happier. Just be patient.