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One thing is for sure and that is that there is absolutely no point in getting too fussed about whether someone got a title or letters after their name - It doesn't make them a better human being and that's all that matters. Each era's society can decide whatever it wants regarding who gets titles etc and who doesn't. In the past, titles were mostly awarded to people for doing favours for the Monarch or to help suit a marriage of families and wealth. Nowadays, the populace doesn't want to recognise the monarchy or the gentry in the same way and it is left to government to decide. Just as well it isn't done by phone voting like X-Factor, but that day may still come!
I take my hat off, or not, in respect for what some people have done or achieved and not necessarily because a government, regardless of political party, decides. So I admire the efforts and success of Wiggo and Jessica Ennis regardless of their awards outside their sports arenas.