Technical Writers in the Industry?

kungfooswade asks: "I am getting ready to graduate soon with my CS degree but I want to hedge my bets on finding a job and will be starting a masters degree, as soon as I am done. I am considering a masters in professional writing, so I can be qualified for technical writing positions, or just going back for a masters in CS. I am curious about the following: (1) what are the general opinions of programmers on technical writers; (2) is there someone out there who has first-hand experience in technical writing who can tell me about the work and their experiences; (3) what software is used mainly in the process; and of course (4) what seems to be the average pay? I would like to diversify my education, so that I won't be searching very long if layoffs come around. All comments and suggestions are appreciated."