This thread demands the question, who actually IS the band/group/artist/whatever of the decade. Has any band actually put out two really, really great albums? Arcade Fire had one. The Shins never really repeated. Mars Volta had one. Of Montreal had one (I'm not counting Satanic Panic) and it became irreparably tainted with Hipster. The National, although they haven't really had time to follow up on Boxer. Ratatat had two solid albums, but they don't cut it and it's probably too obscure a choice, and the same goes for RJD2. Portishead isn't accessible enough, same with Sigur Ros who would otherwise be a solid pick in my book. It's actually been a pretty diverse decade for music, in contrast with the 90s, but as far as front runners, it's tough to pick them.
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They were kinda dogpiled by hipsters, and as soon as something becomes POPULAR I CAN'T like it anymore! :P
It's not so much the popularity. It's tough to treat a group the same way when the connotations rise to the level of parody. Though it's worse when they do it themselves; read the lyrics for "campus".