I think the powers that be need to be careful that we dont end up with the guys in the none degree being thought of as some sort of 2nd class citizen. When in fact its far from it.
The other issue being that most dont / didnt have the option to go and do a degree. Whether it be funding related or because their lives dont have the time to do one or whatever.
The other problem is that there are guys out there who do have a degree but dont fit into a small group that is "recognised".