Beg to differ. No matter the IT position, no 4-year degree = no employment as far as my employer is concerned. They don't seem to be concerned with the area you majored in but only that you have a CSci degree.
When I started here I already had 18 years experience, 15 of which were technical and every day of those were critical to having a successful interview but without the degree and the appropriate documentation to prove it, I would not have even made it to the interview process.
Right or wrong more employers are heading in this direction.