@jgweed,
I have a degree in philosophy. Suffice to say that it all depends on what you want to do with it. I can tell you my particular thoughts on the degree, but those thoughts may not be what others agree with.
First, remember that a philosophy degree in itself is not particularly useful in terms of the job market. To be sure, a philosophy degree exercises your mind to think abstractly and understand deeper notions than the average person. But then again, the average person can come to the same understanding through different means than a four year degree. So, you can philosophize even without a degree in philosophy. That much has to be said.
A philosophy degree is useful (arguably) when it is combined with useful minors. If you are unfamiliar with the major/minor thing, this is a brief intro. When you go to university, you will have to pick a particular major. Depending on this major, you will have between 127 to 137 hours to complete. So say you want a philosophy degree. You will have 127 hours to complete your degree (fulfilled by 2,3, and 4 credit courses.) About half of your degree hours will be philosophy classes. The rest of your degree is filled with core education requirements (basically what the university considers a well rounded education) and electives (random classes you want to take). Now you have about 40 credit hours of free space. With that free space, you can a) pursue another major, or b) pursue another minor.
That second major or minor/s will determine what you do with your philosophy degree. Now, say you wanted to teach philosophy. No major or minor, just more philosophy classes. You would take more advanced philosophy courses within those 40 credits of free space as well as English courses and mathematics courses. This will prepare you for the GMAT (masters admissions test). Now, there is a trick to this as well. You can take masters course as an undergraduate, etc. I can elaborate if you want to take this route.
Say you wanted to go to medical school. You would not need a minor as so much as you would need the basic requirements in order to take the MCAT (medical admissions test) or the DAT (dental admissions test). You would need to take Biology I and II, Chemistry I and II, Calculus (not required but needed), Physics I and II, and Organic Chemistry I and II. I also hear that histology is a good thing to have for the test.
For law school, get a minor in law, for business, get a minor in business, etc.
I guess you can guess at what I am getting at. A philosophy degree is a wild card degree. It is a super garnish for professional schools. But it is not to be done alone. It is basically a single degree that requires two or more degrees to go anywhere. I have personally had the appreciation for the mystical nature of philosophy sucked out of me, and have replaced it with a very systematic and serious account of it. Beware that this may happen to you too. Don't maintain any allusions of a philosophy degree. It will help you think abstractly, but it wont get you paid in most instances... unless you are really sharp. Personally, if you want to really utilize the things you learn in philosophy in your work, you may consider going into the law. I can say it will be a very interesting occupation.