Does anyone even believe in the Nobel Peace Prize anymore?

Joining a pantheon of notables that includes Arafat and Kofi Anan, Mohamed ElBaradei, who used fraudulent claims to try to derail Bush's reelection, and the IAEA, which has been staggeringly incompetent in its dealings with Third World nuclear states, have both received Nobel Peace Prizes. It's when things like this happen that I know I've entered Superman's Bizarro World, where everything is backwards, and reality has taken on a poisonous mirror-image quality. Only in this Bizarro, newspeak world could these people be the recipients of a "peace" prize.