In my experience (having worked with several people from boot camps and obviously several people with CS degrees), boot camps are much better at attracting/selecting people who are interested in programming and the long term learning needed to be a successful programmer. University CS degrees are much better at teaching CS, and even the skills necessary to be a good programmer. If you look at CS degrees with good co-op or intern programmes, then it's not even close.
My main complaint about boot camps is that they give students the impression that the 2-6 month intense boot camp is close to what they will need to be successful in their career. It's not. However, my experience has been that after boot camp it's pretty easy to reorient those people to understanding that they will need to work hard to improve for their whole career. Basically, a good boot camp graduate is very similar in skill level to a good 2nd year coop/intern student -- but then they need to study the rest of the stuff on their own.
My main complaint about university programmes is actually pretty similar. People leave the programme with the idea "I know CS", sort of like how Neo knows kung fu in the Matrix. My experience has been that it's much harder to explain to new graduates that they still have a lot to learn. People with master's degrees are even harder to convince. In addition, because coop/intern sessions are poorly monitored, quite a lot of graduates are actually completely hopeless at programming.
But either way, I think you can make a successful career. Sometimes you see boot camp graduates complaining, "How could I have known that" when the answer is, "Yeah, having 4 years to screw around with this stuff and do a variety of different projects really helps". Sometimes I see CS graduates say, "Wait, this complexity is completely ridiculous. Nobody can be productive in this mess" when the answer is, "Yeah, working on realistic projects has a huge benefit".
I personally don't like the current generation of boot camps, mainly because of the potential to exploit the students badly. However, I think there is a huge need for something like them and I'm looking forward to seeing how things evolve. Having said that, for people who know they want to be a programmer and are young/able I still recommend getting a CS degree at the moment.