[caw]

Yes the degree gets less relevant, but there are companies who will require a degree to get above a certain level. These are probably larger companies where HR sets a lot of requirements. If you want to/end up working at one of these companies, they may offer a degree program.

Smaller companies won't care, or would be able to waive any such requirements they had.

[rubiquity]

I've experienced this before. I was contracting at a senior level for a decent sized company. They tried to hire me a few times and the offer was actually at a lower level of seniority. I asked them about this and their reasoning was that their HR department only lets non-degreed individuals go so high. I wasn't interested in joining full-time anyway, but it was interesting to see nonetheless.