I graduated with bachelors in Computer and Electrical Engineering with a master's in Communications. I found that once I was out looking for a job no one cared about the masters but the second bachelors really seemed to impress. Now that I have been in the industry for more than a couple years, the general consensus is that masters are too specialized and aren't usually worth the money to pay them.

Nptlabs is currently in development on an online Wed Development Environment located on EC2. It uses nxserver to function as though it is local. If you are interested check out http://projectcodemonkey.wetpaint.com/.