I do follow the awards. Of course, the main ones that we order each year are the Newbery, Caldecott, and Coretta Scott King Awards. Our staff always fight to see who will get to read them first. (I loved this year's selections and have reviewed them here and here.) I also check the ALA website for other award winning books as they are announced. As an avid list lover, nothing makes me happier than a list of (what should be) excellent books. I agree with you about thinking how many award books I have would take all day. And I give away many of my books due to space limitations...only keeping those that hold a special place in my heart.
BTW, thank you for the link to the Sydney Taylor Book Award site. With my passion for all things related to the Holocaust, I cannot believe I did not know about this one. I have read many, many of the books awarded and will use this list to make sure our coverage here in the library is good.
I have a question for all of you: I am having a problem with reading - never thought I would write that - my problem is that I have ARC books that I should read first, but am not drawn into them, so then I feel guilty when I read other books. Any suggestions??