The Collaborative International Dictionary of English v.0.48:

Idolize \I"dol*ize\, v. t. [imp. & p. p. Idolized; p. pr. &
   vb. n. Idolizing.]
   1. To make an idol of; to pay idolatrous worship to; as, to
      idolize the sacred bull in Egypt.
      [1913 Webster]

   2. To love to excess; to love or reverence to adoration; as,
      to idolize gold, children, a hero.
      [1913 Webster]

WordNet (r) 3.0 (2006):

idolized
    adj 1: regarded with deep or rapturous love (especially as if
           for a god); "adored grandchildren"; "an idolized wife"
           [syn: adored, idolized, idolised, worshipped(a)]