Depends on what you want to do with it, if your goal is to qualify to get a better job, maybe it helps. If you do it to obtain more knowledge i think it's useless.
Basically I wanted to know how does industry consider a certified people. Does it have any edge over others? Besides is it helpful to get more money on board?
I got my mcsd a few years ago. The landscape is changing so rapidly in the opensource areas that I don't see myself going after anymore microsoft certifications.