Does Obama deserve the Nobel Peace Prize?

Story here.

The decision is being hailed by world leaders this morning, including Mikhail Gorbachev and Desmond Tutu.

Stateside, though, reactions are a bit mixed. The headline on the Drudge Report this morning: “For What?”

Part of the reason for the skepticism is that Obama had been president all of 12 days when the nomination process had come to a close.

Discuss.

Update: This topic is also Today’s Question

Update: Here’s the Norwegian Nobel Committee’s brief narrative of how Nobel Laureates are selected. The final decision sometimes takes until early October.