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Only one rule: you can't pick yourself as 'most underrated' 
Most underrated: Leon Levinstein
I don't know that he qualifies as most underrated, but Leon Levinstein is certainly up there. Great street work with a unique style, it's a shame that he isn't better known. Check out the Steidl monograph on Levinstein, one of my favorite photo books.
Most overrated: Joel Meyerowitz
IMO, Meyerowitz is a much better talker/self promoter than photographer. He rode the coattails of people like Garry Winogrand and Robert Frank but his street work wasn't in the same league. Nothing particularly special about his LF work either. His reputation as one of the greats isn't really deserved IMO.
Share your picks...

Most underrated: Leon Levinstein
I don't know that he qualifies as most underrated, but Leon Levinstein is certainly up there. Great street work with a unique style, it's a shame that he isn't better known. Check out the Steidl monograph on Levinstein, one of my favorite photo books.
Most overrated: Joel Meyerowitz
IMO, Meyerowitz is a much better talker/self promoter than photographer. He rode the coattails of people like Garry Winogrand and Robert Frank but his street work wasn't in the same league. Nothing particularly special about his LF work either. His reputation as one of the greats isn't really deserved IMO.
Share your picks...