The folks over at IT Pro had their IT Pro Awards 2011 recently. They awarded a few different honours. Some innovative, others pretty predictable. I struggle to care that Microsoft won "Vendor of the Year"? What does that even mean? And if it's a category that Microsoft won, who else even had a chance of winning it? Oracle? IBM? HP? And those are 4 of the biggest anyways, so it's not like this award will create some new recognition or awareness of a vendor.
The only thing I think awards are useful for is if you understand why they are awarded. What did candidate A have that candidate B did not? The IT Pro awards appear to be a simple popularity contest. That is, random web site visitors had a set of candidates to choose from, and they chose for whatever reason. If the candidates were judged on criteria (e.g., originality, fitness for purpose, reliability, value for money) I would love to see how the winners (and losers) scored. But these awards are meaningless. There's no judging. Just popularity of clicks.