No it hasn't. It hasn't been 'a fantastic honour system' for years. Far too many Sirs and all the other odds and sods of the British Empire - thousands of them - have devalued the whole system. It's been broken for generations.
Exactly. Thousands of 'em! Beckham seems to be a good bloke, and has certainly done alright for himself - but should he be made a Sir? Like many other Sirs before him, the answer's no.
Whoosh!