[coliveira]

I think that, when he mentions smart graduates, the idea is that current CS grads are on the low side of the intellectual spectrum, as compared to majors such as math and physics.

At the time I graduated, the differential was the high student demand for CS, so only the best ones would be accepted into a CS program. Nowadays the large number of programs and the low demand pretty much guarantees that almost anyone can be accepted, and thanks to the dumbing down of the curricula, they can actually graduate.