I don't look down on those that value certifications, and I pity those that are forced by there companies to get them so they can qualify for partnership programs. But I simply will not bother with Microsoft certifications. I would take them if a company wanted me to in order to qualify them for a project, but I would force them to pay for them and pay me for the time I spend getting it done.
I was recently handed a resume with certification logos all over it. I told the PM that was a red flag, and I would need to grill the guy even harder because of them. He thought I was joking. But the company wants him on board for the Certs so they can qualify for a higher Microsoft Partnership status. That is fine, but looking through his real world experience, he was not impressive. Having certifications don't count in my book as anything except for great memorization skills. I need more skills than that.
There are some credentials programs that I hold in high regard. The SEI certificate programs are much more that an exercise of memorization.
http://www.sei.cmu.edu/activities/credentials/programs.html
I may be bias because I learn everything from books, seminars/webcasts, the web, and hands on doing. I have been asked what books I read to keep up. I thought it would be easier to share a few pictures of my office than list them all. I didn't bother going to the attic where I keep the archived ones.
http://www.corporatewebbing.com/RWSA/Library.htm





The MCA which Microsoft recently announced, sounds like a Certification
that is truly prestigious. In order to even qualify for candidacy for the
certification, one needs to provide evidence of 10 years IT experience,
including references from projects that he/she performed an Architect role.