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Nick Fraser, the editor at Storyville, is just one of the Brits sizing up the overrated and underrated for 2007:

Overrated
Ian McEwan’s On Chesil Beach (and for that matter the overrated film based on another overrated book Atonement). McEwan’s work is in the image of contemporary British genteel culture; underpowered, negligible in impact and yet genteelly fêted at bookfests and on the BBC.

Ouch.