Bono must be the most decorated musician out there today. Dude’s been knighted and even squandered a bona fide shot at Popedom, but this latest honour seems a bit, well, excessive:

To celebrate U2′s weeklong gig on CBS’ “Late Show With David Letterman,” a block-long stretch of West 53rd Street was temporarily renamed after the veteran Irish rockers on Tuesday.

“Somewhere south of Duke Ellington Way and north of Joey Ramone Place we find ourselves,” said lead singer Bono. “And we’re the band where the streets have no name.”

The four band members joined Mayor Michael Bloomberg and City Council Speaker Christine Quinn in unveiling the “U2 Way” street sign on Broadway across West 53rd Street from the Ed Sullivan Theater, where Letterman’s show is taped.

Scores of fans cheered from behind police barricades as Bloomberg presented each U2 member with his own copy of the sign.

That’s nice. Maybe the city can also chip in and gift the Edge with a new hat one of these days.