On point one - perhaps my expectations are lower. I think a CS degree signals a level of rigor that is absent in other degrees, but I don't pretend that the practicality is so high that people can be instantly useful. I assume that it takes 3 months of general training, and several more of "Here's how we do it here" before you can expect much. (As opposed to a Math major who would require programming training on top of it, or a History major who might be lost outright)