I've been confused for far too long. If our fellow bloggers read our work and think its award-worthy, how in the heck do we view whatever award we've been given?
I don't think there is a collective opinion on this. I used to have a separate page for them but it got too large and honestly there are points where if you are only posting a few times a week you really can't spend it acknowledging gratuitous awards.
I deleted the page and all the awards.
I think an award given to you by some random body that voted on their own is probably worth noting the rest are on a case by case basis, but some people think they are fun. I think if a blogger I like gave me one I might eventually note in in a post but I no longer acknowledge most of them. I think take them with a grain of salt and note them whenever you want otherwise just thank the person that gave it too you.
Though if I received an award for best butt in the blogesphere I'd except and note it because it would be deserved.
I put up the 20sb awards I won but when it's a 'great post' award or something from another blogger, I tend to just shoot them a quick email telling them thank you and mention it in a post so they get some traffic to their site. I think once you've been blogging for awhile, keeping track of all the awards floating around can get kind of tricky. With that said, I know a lot of bloggers who do the 'separate page' that Cooper suggested and that seems to work for them!