It would probably make more sense to pursue the creation of a Nobel (or other global prize) category for Compuational/Information Sciences. The impact of progress in this field have just as much, if not more, of an effect on the world today as the other Nobel fields (Chemsitry, Biology, etc.) Note: I am not saying this is a realistic possibility, but it is probably more likely than a computer scientist winning the peace prize.
It seems like there are plenty of people in the field (as well as other Engineering related fields that are more relevant to the world now than they were during the creation of the Nobel prizes) that justify a global acknowledgement. Considering the importance of the internet in global daily life, and the fact that now jQuery is used on 1/5th of the world's websites, it seems Resig has had enough influence on the world to deserve metion too. Remember, the Nobel prizes stress more recent accomplishments over past successes.
However, the peace prize would be awarded based on promoting peace. For example, if Twitter one day actually enabled a revolution to take place, it could arguably be eligible for the nobel peace prize, but probably not the CS prize. Similarly, solving a very hard algorithmic problem would get you the CS prize but not the peace prize.
I think the question of whether Linus deserves the award is a very interesting one indeed, because it leads to a much more fundamental question:
"If I cure world hunger, I deserve the prize. But what if I write a script that runs in the background and five years later cures world hunger, do I still deserve the prize?"
Its just automation right?
I think Linux is itself prize-worthy, and thus since we can not hand the award to Linux itself, I think it would be a wonderful statement to give it to its original creator. I believe Linux really has changed/helped the world that much, and I think it would also make the important statement that politics isn't the only way of improving the world.
http://en.wikipedia.org/wiki/Nobel_Prize#Lack_of_a_Nobel_Pri...
However, you could do something like the economy prize which is actually awarded by the Swedish national bank, and is "in memory of Alfred Nobel". It'd be a bit more work to get such a new prize to be included among the others though. You could try bribing the King of Sweden, it might work! :-)
That's one reason why I think the Nobel prize is a perversion. The set of eligible people is not one or two people. There are a lot of people who do great things and in the end, the selection is fairly arbitrary. Honoring someone for doing someone honorable is good; Conferring enormous authority to one person by granting them a prize diminishes the authority of other great people.
Take Krugman. He got a Nobel for a very very specific area of economics. He now writes on an area that was not his specific focus nor has he proven himself particularly insightful. However, if he gets in an argument with other respected economists, the general perception is, "who has the Nobel?"
http://www.washingtonpost.com/wp-dyn/content/article/2009/09...
That said, I completely agree it was premature and that he shouldn't have gotten it before having actually achieved something more than making pretty speeches.
On the other hand, it isn't hard to think of worse recipients.