Again what you are talking about is not computer science. Although CS students do learn some of the current technologies they are for the most part expected to pick up tools, languages, etc. on their own. You learn how to write compilers, how to write operating systems, software development methods, discrete math, finite state machines, digital logic, how to create micro-processors, develop algorithms, etc. In the course of doing so you might use C#, Java, or some language that no one has even heard of and you will never use again. You are assisted in learning the software and languages but learning the software/language is not the focus. Much of the CS learned 20 years ago is still relevant today. In fact there are a lot of concepts that are almost two hundred years old that form the basis of computing that are still taught today.

http://www.sdsc.edu/ScienceWomen/lovelace.html

Doom and gloom is not the story here. Most that graduate with a Bachelor's from the CS department either go on to graduate school or get a job in the $48K-$80K range. A friend who works at the same place that I do graduated with a C or C+ average in CS last spring and is salaried at $55K + benefits. That is actually quite decent for around here. I would say the average income is $30K- 40K/year here. A really nice 4-5 bedroom house is $250K-$400K.