There is no contest between King and Meyer. It's an insult to him to mention it. America is very "What have you done for me lately?", and right now, Twilight is the big thing. Many people forget the Shining, Shawshank Redemtion, Salem's Lot, Carrie, and The Stand (I can seriously go on for hours), and it is sad.
In ten years, Twilight will be seen as a joke, while the majority of King's books will remain best sellers. The best thing that can come out of all of thie Twilight hysteria is that maybe after reading her books, readers will think to themselves, "Hell, I can write better than her and she is the most popular author in the world right now. Maybe I should write a novel." That is the only good thing that can come out of it.
Maybe I'm a little harsh. Also, a side bar. Sheridan and Tori are cooler than me because I actually had to pay and watch the movie.