Based on the 100s of candidates that I've interviewed over the years, I disagree. In fact I often wonder what on earth people are doing at these university courses, because they rarely seem to have even a basic grasp of computer science. I've had to personally mentor many (academic route) engineers over the years on what I would consider absolute basics.
Frankly, I don't consider a degree a useful barometer of quality at all. They're only useful if the candidate is applying for their first job out of university. After that, experience is much more important and I basically ignore the education part of a CV.