Masters or not?

mx12 writes: With the semester finishing up, I have been thinking about my education future. I am currently an undergrad in computer engineering and I am thinking about getting my masters. I have a year left in school, and most of my professors seem to think that getting a masters is a great idea, but I wanted to hear from people out in the working world. If I could get my masters paid for by the lab I work in, is a masters in computer engineering better than two years of experience at a company?

Thanks everyone!