I generally don't pay much attention to these things. To me, they're something sorta interesting to talk about and that's about it.
As with the PWI awards, Meltzer's awards are voted on by fans. The thing is they're voted on by fans who basically view Dave Meltzer as their prophet, parrot anything he says and take whatever he says as gospel.
Meltzer has a raging bias against WWE and bias towards Japanese wrestling, he pretty much always has and he doesn't even try to hide it. For instance, of all the various 5 Star Matches, the vast majority of them have been awarded to either All Japan or New Japan while WWE, in its entirety, only has a total of six. As a source on wrestling history and what goes on, he's beyond credible but that's where it ends for me.