Personally, I am happy with this outcome. Thaler is a very good economist whose recognition is long overdue (his sometimes co-author and frequent collaborator, Daniel Kahneman, won the Prize back in 2002).
Over at Marginal Revolution, my GMU professor Tyler Cowen has a great write up on Thaler’s work, including some areas I did not know about.
Two books of Thaler I highly recommend are The Winner’s Curse and Nudge (co-authored with Cass Sunstein, another person worth reading). Both are fascinating, and challenging looks at the standard assumptions of economics and provides surprising insights.