Like everything else it boils down to money, yet the public perception (which is one that is propogated bythe controlling organisation) of such things as the walk of fame and the RnR Hall Of Fame is that they are great honours for the artist who is inducted, concreted into a pavement, or whatever. Just two more examples of what is so wrong with the world. Give Meat another Grammy or an Oscar any day over something that pretends to be one thing when in reality is another.
If I had $30k going spare, I'd set about getting my own star included in the walk of fame, just to show how ludicrous it all is.
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