I love reading these top ten lists for the entertainment factor of the comment section. ; ^ )
As a CISSP, CEH, and a ton of other certs gathered over twenty some years, plus degrees, and all kinds of other accolades, the one thing I will say that really matters to your employers / clients is - RESULTS. If you are lucky or skillful enough to land a gig, and you do an outstanding job of it, then word will get around that you can do IT. (Whatever IT is.) Having the certs gives YOU a great sense of achievement, I can attest to this. I busted my narrow a** to get that CISSP, and pretty much all of them. I don't feel someone who has not gone through a similar experience is in a position to judge their worth to ME. I can honestly say that CEH doesn't compare to CISSP, and that MCTS does not make you a great programmer, even though I have all of them. In my humble opinion, CEH is neat in the way it exposes you to the nuts and bolts of IT security and the CISSP is what separates the management guys from everyone else. The difference is that any competent person with some technical ability can DO the things in the CEH domains. I would submit that a substantially fewer number of people can do everything required to get CISSP.

In the grand scheme of things, the CISSP is a very respected cert because it is managed well by its parent organization. CEH may eventually get there as well.

I agree with those who stated that SANS certs, Linux, and DB certs, as well as ITIL were given short shrift on this PARTICULAR list. However, this is a Microsoft centric offering, and in that light (and seeing that HR is mostly interested in these particular certs) I would have to agree that the list seems pretty accurate.

Best luck in all our careers!