I loved this post on slashdot. The poster asks why IT certifications are good. Some very interesting points of view. I am in the industry, and I have no certifications. I am not saying that is good or bad. I have just seen tons of people with no experience and a certification (or little experience) think they know everything. As I said when I did contracting, some MCSE’s wouldn’t know a domain controller if it fell on their head. And other guys I know with no certification but years of experience would be (and often are) the first people I call for help.
I guess what I read from this is a certification is nice, but nothing beats experience. Having both is really great also.