GIAC/SANS Certification Changes?

venom600 wonders: "SANS and GIAC have recently changed their certification requirements, no longer requiring a practical assignment be completed in order to be certified. This has created some discussion around the value of their certifications moving forward. In addition, SANS recently asked current certified individuals (in an email) to provide quotes about the value of their certifications for an upcoming brochure. Since the requirements have changed, the value of the certification has changed as well, making any quotes an unfair assessment of value. This brings me to my question: What IT security certifications are left (if any) that actually provide value to you?"