Maybe not quite as stupid as giving it to Yasser Arafat or Henry Kissinger, but pretty friggin' stupid any way you cut it. The guy ran for the presidency on a platform of perpetual war, for the love of God ... and so far that's the only campaign promise he's delivered on.
Hey, I have an idea! Let's posthumously honor Hunter S. Thompson with the Carrie Nation Temperance Prize! I'm sure Pablo Escobar's surviving family would treasure a DARE Lifetime Achievement Award, too.
If Barack Obama possesses so much as a shred of honesty, humility or honor he'll refuse the prize and ask the Nobel committee to give it to someone who deserves it. Cindy Sheehan, perhaps. Or Muntadhar al-Zeidi. Or how about some randomly selected citizen of Switzerland?