I just finished my CS degree, and I think that it was worth it. I had time for self-directed projects in any language I wanted, learned about web programming, interface design, compiler and interpreter design, regression testing, prototyping, and all kinds of things that I might not have learned on my own. The only glaring problem was that the professors never had time to teach. They treated classes as an annoying distraction from research and programming, and many of them simply did not focus enough energy on teaching, and were unprepared for class.