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Not sure why its a snub. It is hard for me to imagine that anyone would consider a man who has waged 2 on-going wars with no end in sight... to be a candidate for the nobel peace prize?

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The reason it's a snub is that the agency that won it uses reasoning and comes to conclusions and has an agenda that is starkly in contrast to Bush. So by saying these people win the award, and these people are polar opposites of Bush...some people may take that as an anti-Bush stance by the Nobel people. Here are some quotes from the NY Times article about it.

"The prize recognizes the role of multilateralism in resolving all of the challenges we are facing today," Mr. ElBaradei told a televised press conference at the agency's headquarters in Vienna.

"Mr. ElBaradei, 63, has championed the peaceful use of nuclear energy while emphasizing quiet diplomacy in trying to dissuade countries from using the technology to develop weapons. He has been at the center of nonproliferation crises involving all three states that President Bush once labeled the axis of evil, Iraq under Saddam Hussein, Iran and North Korea."

"More recently, Mr. ElBaradei has resisted American pressure to ask the United Nations Security Council to consider sanctions against Iran for its past breaches of the Nuclear Nonproliferation Treaty, preferring to coax Iran into compliance."

Quiet diplomacy definitely doesn't jibe with Bush.