"They are handing him the Nobel Peace Prize because he isn’t George Bush."

A man on the street in Egypt nails it.

More reactions:

Lech Walesa: "Who, Obama? So fast? Too fast — he hasn’t had the time to do anything yet."

Lech, look at it the other way. If they wait, he might do something that makes him undeserving. And since he must win it, best to give it preemptively, before any pesky "achievements" cloud the picture... the picture of hope.

Nils Butenschon, director of the Norwegian Center for Human Rights at the University of Oslo: “It seems premature to me... I think the committee should be very careful with the integrity of the prize..”

Integrity? Why start now?