"J-Schools to the rescue?"

This article was very interesting and it got me thinking, are journalism schools leading students to believe they can have a future in journalism when in reality a degree in this field is very risky?
Read it, its good: J-Schools to the rescue?

Something has to change in order for all the journalism students now to get a job in the future. With so many lay offs at the metro and local newspaper, journalists today have to be able to set themselves apart from the average reporter. The New York Times is teaming up with NYU to offer a program that allows students to cover a section on Manhattan's East Village. This is a fabulous idea. It's kind of like a step up from an internship, because you have the opportunity to work with your college peers on an actual daily paper. But will this make a difference when you are competing with peers for jobs come graduation?