I think you've got to give credit to
Time magazine. The Person of the Year concept is basically unsound, is
obviously basically unsound, is poorly executed each year, is
expected to be poorly executed each year, and nevertheless no matter what kind of
silly choice they make it gets buzz and sells magazines. Meaning, at the end of the day, that it's actually a really good idea that's always executed well. Other publications would die for a formula that tried and true.
This article available online at:
http://www.theatlantic.com/politics/archive/2006/12/its-me/40996/