Reasons I feel that this is less than awesome:
1.) The nomination window for Nobel Peace Prize recipients closed only eleven days after Obama was elected President. This means that he was nominated based on his campaign promises, and not anything he has actually accomplished.
2.) There is no way Obama belongs in the same group as Mother Theresa and Nelson Mandela. I'm not saying that he never will. But right now he doesn't.
3.) Being recognized for his peaceful actions could create potential problems for Obama's presidency... when the need arrises for the US government to exercise its force, he may be hindered by his promises for peace, etc.
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