In my opinion, anybody who regards this (despite it's acknowledged flaws) as more bogus than any reality show "award" doesn't have an opinion worth hearing.
Seriously folks... On the same list we have Pulitzer, the Nobel and the U.S. Presidency, together with the Big Brother Winner, the Survivor Winner, America's Top Model, the Apprentice Winner and the WWE Hall of Fame. Give me fucking strength, is this the kind of imbecility we've descended to?