I would lean more towards the Microsoft way, because the WAN segment is still absolutely dismal at this point in time.
This(WAN) is more geared towards the Cisco end, and you will be fighting against people with CCIEs, and those with quite a few years real world experience for jobs.
There was an article in my local paper Sunday about VPs from Nortel working at Home Depot for 10 bucks an hour.
If that ain't tough times, I don't know what is..
The days of just having a cert or several of them and landing a job are gone for a long time, if not forever.
They are most useful for help in determining a choice between 2 equally qualified people for a job, and having them will give you an advantage over someone who doesn't.
Hands on, real world experience is king right now, so look for that if you can, while going after whichever cert you choose.
Also, the pendulum has swung back in favor of a BS or higher degree, away from 2~3 years ago when technical certs carried as much or more weight as a degree.
Narrow focus specialization is on the way out in my opinion, companies are now looking for people that can basically handle everything, from the networking, to the desktop support aspect, as well as knowing a little programming or database management skills.
IT project management seems to be a pretty new but increasingly sought after skill as of late, it is being offered in some of the better online Uni's such as Devry.
Having a degree in this will be good, because it shows you have the know how to see a project from start to finish and by doing so, you will more than likely have some good experience with all aspects of the project as mentioned above.
I have a CCNA as well as an A+ cert, and I am still wanting to get into the IT field full time. I will not give up, but realize that in theses days, it might be a long tough road ahead.
Sorry to paint such a bleak picture, but things are still bad and it looks to be a while longer before they open up again.