Personally I think Scholes has been overhyped ever since Zidane and Xavi made some complimentary comments on him:
However...
During his 20 year career there were 14 different winners of United’s player of the year award. Scholes was never one of them.
For a player supposedly so respected by his peers, he never came close to a podium Ballon d'Or finish and never made the World XI.
In comparison Lampard and Gerrard's highest finishes were 2nd and 3rd respectively. They also made multiple World XI appearances.
Furthermore they (lamps and Gerrard) both received 8 World XI nominations compared to Scholes' 2.
In his 20 year Premier League career, only TWICE did Scholes make the Premier League Team of the Season.
It took Yaya Toure just 4 years to equal this number while Gerrard made 8 appearances with Lampard making 5.
He was never the journalists, fans or players Premier League player of the year. Lampard and Gerrard have 6 between them.