Higher Learning, Online?

provell writes "An ad for the U of Phoenix online education program caught my eye the other day. I know the concept of online education isn't a new one but it seems to be growing more prevalent with each passing year. As an IT consultant at the age of 18, I didn't give myself much chance for college and I don't get much time in town to take part time courses. With the burst of the E-Bubble, I'm starting to notice an increase in hiring standards. Is a BS a necessary bargaining chip for the IT industry and are online undergrad programs widely accepted/adequate? Any thoughts/experiences would be much appreciated."