The proposal I read a couple of days ago to actually create a worldwide equivalent to the Clarke Award — a juried award that would go to "quality" works as opposed to that "populist" stuff — is good, because it doesn't understate the rather considerable effort it takes to set up a decent award. I know both sides of the fence, as I'm a director of the non-profit corporation that runs the SF & Fantasy Translation Awards. Just a couple of days ago I did one of the several bits of housekeeping for the corporation; an annual filing with the California Attorney General's office.
Good Awards are Hard Work, regardless of whether they're popular-vote, juried, or something else.