I'm definitely an outlier. I've yet to meet someone holding it down in the Bay Area with a developers title who didn't have a degree. It's always a look of surprise when asked where I went to college and I respond "I didn't.". Part of me wishes I had, the other part wishes I was less lazy. The ladder in me knows there isn't a thing I can learn in college I couldn't teach myself on my own.
I once asked a genius colleague of mine (also founder and now millionaire at 29) who went to school for biology and wound up a developer if he felt he wasted his time pursuing biology. His response "No, it taught me how to learn.". I really liked that response, obviously it's stuck with me. For many things you need a degree (health fields etc) but for most everything else you need the ability to learn and learn well.