Everybody keeps asking me what they teach in Information Systems grad school, so I'm going to start discussing it here.
Basically, we're still learning System Development Lifecycle, in several different forms. Structured, Rapid Application Development, Extreme (Xtreme!) Programming, and finally Object-Oriented.
Object Oriented is not just a higher-level language any more. It's a whole development method with its own techniques, tools and diagrams. These diagrams, more or less, replace dataflow diagrams and entity relationship diagrams, although I think every database should have a good ERD.
Some of my classmates were still confused and/or think OO development is a fad. It slowed class up a little. A fair misunderstanding is the database side. What's an object oriented database? Well, we're not really sure yet. OO programming still uses databases -- traditional databases. From the diagrams and textbook, this wasn't clear, leading to the question, "Where does the data go if you turn the system off?"
It's still there, in a database, just like structured approach.
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