Genesis finally got into the Rock and Roll Hall of Fame in 2009, so many assumed Yes was next in line. The two groups have a lot in common. They released highly complex prog albums in the 1970s, and in the 1980s completely reinvented themselves as pop hit-makers. The crucial difference here might be that Genesis had Peter Gabriel and Phil Collins. They also had a relatively stable lineup; Yes has had about 18 different members, and none of them are household names.
It's beyond dispute that Bill Bruford, Steve Howe and Rick Wakeman are some of the most talented musicians on the planet and albums like Close to the Edge and Fragile represent some of the best prog ever recorded, but the Hall of Fame doesn't seem very interested in honoring that. It's a shame. The ceremony would be a rare chance for the group to reunite with estranged frontman Jon Anderson. The stage would nearly buckle under the weight of so many musicians, but it would be a truly amazing moment. Hopefully the HOF gets around to it before key members start passing away.