MCSE without experience or a degree is rather worthless. Having MCSE
on your resume is good for getting you past HR, but you need to have
something backing it up.

The CompTIA (A+, Network+, etc) certs are about the same. They qualify
you for entry level IT work but not much else.

Around our office ITIL is the big push.

There is also some value in CISA and CISSP. Any PFY
(http://en.wikipedia.org/wiki/Bastard_Operator_From_Hell) can get a
Windows server up and running, but you do have to have some knowledge
of what your doing in order to get things secure and keep them that
way. If you are looking for work from financial, health care, or any
company who has to deal with federal regulations around data
privacy/security such certs are going to be helpful for getting your
foot in the door.

PMP while valuable is something to peruse once you have experience
with other things. There is nothing worse than a Project Manager who
is clueless about the technology involved in the project they are
managing.

-- 
Andrew S. Zbikowski | http://andy.zibnet.us
IT Outhouse Blog Thing | http://www.itouthouse.com