Arcade Fire's 'The Suburbs' won the Album of the Year award in the 2011 Grammys.

The statement is true because Arcade Fire's album "The Suburbs" did win the Album of the Year award at the 2011 Grammys. The album was critically acclaimed for its indie rock sound and introspective lyrics about suburban life and its impact on society. It was praised for its thematic coherence and musical experimentation, gaining widespread recognition and solidifying Arcade Fire's place in the music industry.