I think it's valuable way of rewarding what the successes of our best sportsmen and women have given to the morale of the country. I suspect if the we'd gone broke during the Olympics no one would have been too bothered because the Games gave most of us such a high. The TDF will give Wiggins his knighthood rather than the Olympics similar to what Ellen McArthur got when she went round the world. The feats are of similar magnitude.
I'd expect to see something big for Seb Coe he's a lord already but there are higher accolades, Knighthoods for Wiggins and Ainsley, Hoy might get something else, Farah a CBE I'd expect (as Wiggins got for two golds last time), there will probably be other bigger honours for those connected like Brailsford (Knighthood here as well I expect already CBE like Brad).
It's important to recognise the award is for achievement but also for what that does for the country....after what we saw this summer who could deny them anything