I think a heavy theory focus is very less likely to be useful. In my CS degree, we learned some cool theory. Eg I learned what big O was, which these guys probably won't. But I think for most people it's much more important to learn to make things than to learn advanced theory that only a very select group of programmers use (eg compiler writers). And I know how to learn any theory I need to learn or any language I need to learn. my CS degree never taught me to teach myself, though, I had to do that.