> Nothing you produce in undergrad is of any value except to advance your knowledge.

Tell that to the job recruiters that require a 3.6 minimum GPA and verbally berate someone for wasting their time for handing them a resume with a 3.5 GPA on it.

Okay most recruiters won't verbally berate you[1], but GPA is regularly used to winnow resumes for college graduates.

1: The one time I witnessed this was at a college job fair. To this day it was the most unprofessional public behavior I have witnessed by a recruiter; he had 3 coworkers next to him at the booth and they seemed neither perturbed nor surprised. As long as I have the luxury of choosing who I work for I will not work for that company.