It's true the Nobel is not as relevant as it once was. The whole thing is just guilt money anyways. It was started by the inventor of dynamite to make up for all the death and destruction he caused.
I only really follow the Nobel for literature... Can't say I've agreed with any of their choices for years now
I agree with your point about Nobel and "guilt money", but in my mind that legitimizes the original prizes because he really was thinking about his legacy. Of course, he has no posthumous control over what today's Nobel committees might actually do.
More interestingly, I think, people generally do not seem to realize that there was no Nobel prize for Economics, meaning Nobel did not specify one in his will (1895). Rather, it was invented by a Swedish bank(!) in 1968 as a way to publicize what they feel are important memes.
Media tend to ignore this rather amazing difference, so in the public mind the prize in Economics has become legitimate, with all the
gravitas of the real thing. Quite a propaganda coup for the banking sector!
Edit update: An example just appeared, but it is only one of many if you dig a bit -
https://bitcointalk.org/index.php?topic=1253790.0Background reference link:
https://en.wikipedia.org/wiki/Nobel_Prize