And then Dick won the third one. Indeed, about half the winners (or more) seem like studied insults.
I don't think Campbell would have cared for the award at all, in concept, regardless of winners. He'd either declare a winner or let his readers do so and wouldn't appreciate a juried award (which, with whatever exceptions, always tends to the pretentious and minor - the anti-Campbellian). Nor does it make any sense for it to "memorialize" a magazine editor, however many brilliant serials he edited, with a novel-only award. It's just the Harry Harrison/Brian Aldiss award with Campbell's name stuck on it, which was intended to be a nice gesture given Harrison's strange, but strong, fondness for Campbell.
My thoughts, as far as Campbell the editor: this is a guy who published
Dune and broke McCaffrey to SF readers in the 60s or whatever. I don't actually care for McCaffrey but these aren't the moves of a completely rigid and washed-up editor. Still, it's true that his work of the late-30s and 40s was what made him perhaps the greatest editor ever. Between being boxed in by
F&SF and
Galaxy and perhaps due to his fascination with Dianetics[1],
Astounding became a bit more limited and some good authors reduced or ceased their contributions. By the 60s, Pohl was probably the best editor but Campbell was still no slouch.
As far as Campbell the writer: his editorial fame has almost completely eclipsed his writing fame but he was two of the best half-dozen writers of the 30s with "Campbell" space opera that could go toe-to-toe with Hamilton, Smith, and Williamson as well as "Stuart" stories which could go toe-to-toe with Weinbaum. The entire
The Best of John W. Campbell is full of good stories but even it doesn't entirely supersede
The Cloak of Aesir (which I have read) or presumably
Who Goes There? (which I have read most of, including the title story, obviously, but don't actually own a copy of). I think his major Arcot, Morey, and Wade series sort of plummets over its course but the first story is classic and the first volume is essential. I've never read the belated sequel stories to
The Mightiest Machine but that Arne Munro tale is great fun.
The Ultimate Weapon is a classic. The Penton and Blake stories (Isaac Asimov's favorites) are very 30s tales and kind of strain... well, the ossification of my own brain, I guess, as I never read them young, but they're really neat and I can see how they'd light up readers of the time. Compare those and
The Moon Is Hell and you get a sense of what range (and development) he had, as it's a hard-nosed gritty story of survival told in realistic terms. In his writing, you get the competent man, the love of gadgets and gizmos, the cosmic scope, the psi powers, the focused scope, the problem solving, the optimism tempered with an awareness of our existence within vast space and time, etc., and see that brought into the magazine he edited.
A major figure with significant contributions who was never dull - sometimes infuriatingly so.
[1] I wonder how serious that was and how much he was (a) messing with people as he often did and (b) taking a page from Palmer who had shortly before boosted Amazing's circulation tremendously with the sensationalized "Shaver mysteries." But Campbell definitely did have an interest in "alternate views" and "methods of overcoming" like van Vogt and others.