Just finished a program in English (with emphases in Fiction and Poetry, minors in Latin and Humanities & Law), working in a marketing position now with next to nothing to do with my degree. I'm trying to stop procrastinating as time quickly runs out on applications for Applied Linguistics PhD programs so I can do more research on emotion, language processing and encoding (interpretation and memory). Admittedly part of my procrastination, but not even a majority of it, is due to me questioning the need for a structured study rather than the 'trial-and-error' real-world approach.
I want to get into publishing as an editor (and write on the side as a personal thing), though I wouldn't mind mixed-media entertainment if I could push into that path. I have a couple of side projects towards that end: lots of writing (nano- and short fiction, poetry, and one burgeoning novel), short film scripts, web-comic scripts, a larger translation project, and some other scraps, nothing off the ground yet.
I'll join Tshern in the 'dubious value to society' camp.