When I was in Computer Engineering at Waterloo (class of '98), many of my classmates were vying for coop jobs in FPGA, ASIC or board-level design. I happened to be one of the lucky ones and it set me on a path to a career in ASIC verification.
Today when I look around at my industry, it's downright shocking how little young blood there is around. The youngest ASIC guy I've met in the last 6 or 7 years had a Master's and three years experience - and we all regarded him as the newbie.
Only in the last few months have we seen the occasional new-grad's resume cross our threshold. I'd not yet call it a trend, but I hope it becomes one. We have horrible languages, horrible libraries, horrible tools - a huge, shaky mess of infrastructure built on technologies stretched far beyond what they were originally built for - and it's so deeply entrenched that few of my colleagues seem to recognize it. We really need a new generation of fresh perspectives to shake us all up.
Let's hope it is indeed a new renaissance that Mr. Graham heralds.