Nobel Awarded on Spec

Excuse me? Obama was awarded a Nobel Peace prize?

It's not unusual for many to disagree with any particular choice of the committee, however, I can't recall another instance where an award was given (other than the presidency of the US - but not a Nobel) on speculation of actions based on rhetoric.

What. A. Joke. This diminishes all other prizes awarded by the committee.

To borrow from Barney Frank, on what planet do they spend most of their time?