The same here in Argentina. You have may have a Computer Science which belongs to the "Exact Science" department (along with Maths, Physics, Chemistry, Geology, etc...) and then, you have a Software Engineering curriculum in the Eng department, (along with Electrical, Mechanical, Nautical, etc)...

Back in the day I choose Software Engineering because the other (CS) seemed extremely theoretical to me. But I think that having that "blur line" of yours (ref to SoftwareMaven), let's you mix both worlds a little more, so I would prefer that. But maybe it's just because we always want what we don't have ;)