Well, Lost Hills, the Nobel Committee obviously has their own goals, rules, and standards in awarding the Peace Prize, and they are different from what you would have were you awarding something called a "Peace Prize."

It's a bit like the never-ending quarrels over Time Magazine's "Person Of The Year" award. It is supposed to be the person most newsworthy or who generated the most news (not the most honorable or admirable person), but every year there are those who quarrel with Time Mag's choice on the grounds that the POTY isn't all that admirable.

I think the Nobel Committee made it pretty clear what message they were sending in awarding the Peace Prize to Obama (and to former recipients such as TR, Woodrow Wilson, Kissinger, Jimmy Carter, Al Gore).   And Obama accepted the award in keeping with that meaning and message. If you want to dismiss the Peace Prize as worthless, fine. But it's really not up to you or me to redefine what it is supposed to signify.