I love CISSP jokes (well, some say it actually IS a joke), and here is one:
Opinion: 'Student' CISSPs put cert's value in jeopardy: "Is the CISSP going the way of the MCSE?" (Why isn't he asking - when did you notice that CISSP went the way of the MCSE?) The issue is that a college started offering CISSP with its undegrad courses. It says "offering the CISSP to undergraduates devalues the credential for those with decades of experience."
The only reasonable response to this would be "he-he" :-) What devalued CISSP is certifying people who only used computers for AOL email (I knew a couple myself...) and folks can barely spell "s-e-c-u-r-i-t-y." For instance, I know of a few of a major equipment company salespeople (!) who went and got the cert after reading "CISSP for Dummies" (check the above link on the no-nonsense site dummies.com :-))
It further goes "it may not be long before just about anyone lacking experience in the field can be "coached up" to pass the exam." How about "minus 3 years"? Is that "long"?