According to the BBC, "Turkish writer Orhan Pamuk, who has faced charges of insulting his homeland, is awarded the 2006 Nobel Prize." Awarded by the Swedish Academy, the Literature Prize comes with a cheque for 10m kronor (£740,000).
The Nobel Prize site says Pamuk has "in the quest for the melancholic soul of his native city ... discovered new symbols for the clash and interlacing of cultures."
Bud Parr brings my attention to James Marcus's report from Pamuk's speech at the Pen World Voices Festival earlier this year and also to a recent review of My Name is Red. See also Scott McLemee's review of the recent retranslation of The Black Book. You'll find more too, as you'd expect, at the ever-excellent literary-saloon.