I agree....
Good point...You certainly must know what you are doing. Early MCSE only required memorization. More recent Certs mean you actually have to know what you are doing. Certs like CCNA, etc are not all memorization questions. You have to have the Know how. People who only have book smarts will not have a job for long in reality. Certifications are great but Degrees last a life time. If you take a person with a cert and no experience and a person with a degree and no experience, I have seen the degree holder win out out most of the time. We are dealing with people who hire that look at credentials. Pre 2000 having only a cert was great. Times have changed. The competition requires more.