A Morris Award would be a bit like a Darwin Award for people who've failed to learn anything about password security and in doing so have been exposed.
Recent Morris Award winners: LinkedIn, last.fm, eHarmony, Tuts+, ...
Every site you hit gets checked against a local list thats periodically updated. It throws up an information bar with bad security practices associated with the site you are browsing, everything from mailing plaintext password to the idiotic things like above.
If it becomes trusted enough it might move some developers/organisations to actually take action, if not it will at least warn individuals of the obvious problems before they signup and not afterwards like at the moment.
Edit: Last sentence didn't make sense.
My wife loves to use Big Oven to find recipe ideas. I thought I'd also start using it so we could share those ideas more easily. When they rejected my password for having "invalid special characters" however...
Maybe also an award for most silly password policy?