Agreed. Not only will it never happen, but it shouldn't. I've met plenty of "degreed creatives" that have absolutely no talent OR creativity whatsoever.
A couple years ago I was asked by a graphic designer/teacher acquaintance to come give a talk to his students about digital photography and multimedia. This was at our areas biggest, most respected design and arts college. They were the most boring, stupid bunch of deadheads I've ever met. These were third year students, specializing in graphic design, photography, multimedia, and the arts in general. I was shocked by their ignorance AND their arrogance. Yeah, they wore the right clothes, had just the right amount of ponytails, drank the right beer, smoked the right cigarettes, listened to the right music, but they were dead. Earning their careers off of mommy and daddy's money. What really creeped me the most though, is that I'll probably be working for some of these people someday when they become art directors at the local ad agencies and marketing companies. Oh boy, I can't wait.
Now, don't get me wrong, an education can do incredible things for some people, and I believe a good, formal education in design AND business can help considerably, but it's no guarantee of success. I believe that if you have the talent, drive, and ability to make it in this business, you will, with or without the degree.
Every professional photographer, graphic designer, web designer, videographer, etc that I know, was a wannabe at one time. Some have degrees, some don't. I know of some "degreed creatives" that are working at Best Buy or Walmart.
There are plenty of professions that require a degree, and rightfully so. Photography and the creative arts are not one of them. Let's keep it that way.
Oh, and one more thing. There have always been wannabes. There always will be. Let's give them a break. The ones that can make it will, the ones that can't, won't. It's that simple. The wheat always separates itself from the chaff. Let's not make unnecessary requirements.