much less obviously, the continuing fall in the uptake of the 'classic' subjects is an indication of exactly this - if it taks 20 points to get into "a university" whats the point flogging yourself stupid by taking maths, physics and chemistry? when a student can take art, media and psychology, top those 3 choices up with 'general studies' (general studies, hilarious!) and gain plenty enough points to get into "a university" and possibly aim a little higher with regard the status of the university (say a 24 point entry limit)
A lot of emphasis currently is on getting into university, for the experience, for the life lessons. I cant say that the ideals of university have been solely bastardised by the current trend (the elitist attitudes of generations past where thick as pig [Poor language removed] 'carruthers' and 'winthorp' got a university background because daddy was a clever man with deep pockets is as much to blame).
As it is now, the jobs after university arent in the abundance students believe, the 'old boy' network still exists and what positions at top end employers are available are being fought for by people with masters degrees, or two degrees, sometimes double masters. Look at the recent mismanagement regarding junior doctors, it costs a lot of money to train to be a doctor, and a person has to have the aptitude and the committment to see it through, yet approx 12000 qualified for just over 4000 positions. great news for australia and south africa.
With regards 'computing/information technology' the rules change everyday, different programming languages, different networking solutions, hardware and software (vista is 64bit) - so what is learnt from books isnt actually going to be much use because systems and their lessons become obsolete. I feel IT qualifications are to show a capability for study in the field and its a step towards actually getting into the training and on the job experience IT professionals are in.