Gardener: yeah, that's a pretty common theme within the computer science industry.
You know how people on trad forums often somehow manage to acquire more knowledge of theology and other things Catholic than priests, all on their own free time? The same can be said for people who work in the computer industry. However, IT is kind of like low-church, American style Protestantism where anyone can be ordained provided you can quote crazy amounts of Bible verses from memory... or in compsci land, code.
Still, for my own part, I'd rather go to school because I'm not techy enough to learn what I need to know just from tutorials on the Internet. I'm guessing Basilios is the same, since I gather we have much the same kind of personality. Also, an advanced degree may still be in order if you want to go on to do things like, say, design new graphics cards for nVidia or something like that.